Foxconn Electronics (Hon Hai Precision Industry) on February 7 reported consolidated revenues of NT$313.53 billion (US$10.71 billion) for January 2013, dropping 8.19% on year.

Market watchers pointed out that the drop was already expected since the company's consumer electronics product orders are usually impacted by the slow season at the beginning of a year.

In addition, Foxconn's revenue performance in January 2012 also set a higher comparison base due to strong demand of the iPhone 4S, the market watchers noted.

In 2013, Foxconn will continue strengthening its relationship with Apple and will also focus on developing its large-size LCD TV business. In addition to supplying its large-size LCD TV to brand partners in North America, Foxconn will promote the TV in China by seeking new brand partners as well as directly supplying the product to end users via Foxconn International Holding (FIH) for some special channels

By: DocMemory
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