Thursday, October 7th 2021

Foxconn Reports Record High Third Quarter Sales

Despite the current shortage of just about everything, Foxconn doesn't appear to be suffering, as the company has reported record sales for the third quarter of this year. The company recorded sales of close to NT$1.4 trillion, or about US$50 billion, with a consolidated revenue of just over NT$585.7 billion or about US$20.9 billion.

Sales revenue for Foxconn increased 8.8 percent compared to the same period last year and a 3.44 percent increase quarter on quarter, with sales in September being the best so far this year for the company. The top grossing product groups included consumer smart devices, computers and cloud networking products. This is likely due to no small part due to Apple launching the iPhone 13, as well as its new tablet products last month. Foxconn is expecting a gross profit of 12 to 13 percent for the second half of 2021, which is a significant increase from around 8 to 9 percent for the first half of the year.
Source: CNA (in Chinese)
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7 Comments on Foxconn Reports Record High Third Quarter Sales

#1
ZoneDymo
great but how is that suicide rate?
Posted on Reply
#2
TheLostSwede
News Editor
ZoneDymogreat but how is that suicide rate?
Ouch!
Posted on Reply
#4
Unregistered
ZoneDymogreat but how is that suicide rate?
23 total, "apparently" none since 2016
#5
mechtech
Covid price gouging or production capacity and total sales increased???
Posted on Reply
#6
Prima.Vera
While us, the sucker idiots pay that ~1000 Euros for a phone, those companies are making dozens of billions profit.
While paying also their employees scrap money...
Posted on Reply
#7
TheLostSwede
News Editor
mechtechCovid price gouging or production capacity and total sales increased???
No idea, sorry. There was no mention of anything like that.
Prima.VeraWhile us, the sucker idiots pay that ~1000 Euros for a phone, those companies are making dozens of billions profit.
While paying also their employees scrap money...
Terry is infamous for paying crap salaries. A few years ago he said that graduate engineers don't deserve to get paid more than about US$820 a month...
Posted on Reply
May 7th, 2024 02:04 EDT change timezone

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