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Foxconn Reports Revenue Drop in November 2022
December 8, 2022 | Hon Hai Precision Industry Co., Ltd.Estimated reading time: Less than a minute
Hon Hai Precision Industry Co., Ltd. (Foxconn) announced unaudited consolidated revenue for November 2022. The company reported unaudited consolidated revenue of NT$551.1 billion for November 2022, down 29.04% month-on-month and 11.36% year-on-year.
Due to production gradually entering off-peak seasonality and a portion of shipments being impacted by the epidemic in Zhengzhou, revenue in November declined month-on-month. However, the on-month declined was roughly in line with the company’s expectations.
Cumulative revenue in the first eleven months of 2022 was NT$5,992.6 billion, up 13.56% YoY to a fresh record high for the same period (first eleven months of 2021 ranked 2nd with NT$5,276.9 billion).
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