Tuesday, November 11th 2008
Despite all the rumors that FOXCONN is not doing so well and it is probably going out of the business, Foxconn Electronics and company subsidiary Foxconn Technology posted today record October sales.
Despite a weakening global economy, Foxconn Electronics (Hon Hai Precision Industry) and company subsidiary Foxconn Technology reported October sales that beat market expectations and hit respective company records. Foxconn Electronics spokesperson Edmund Ding said networking and consumer electronics products delivered an outstanding performance in October, while PC product lines also showed stable growth, pushing the company's October sales up 7.63% from September to NT$169.38 billion (US$5.2 billion), an increase of 29.13% on year. Accumulated sales from January to October were NT$1.216 trillion, up 27.47% compared to the same period last year and slightly lower than the company's 30% annual growth target. The company's sales in November and December are expected to continue to grow, though 30% monthly growth will be a difficult goal for the company to achieve, indicated the market watchers.I guess now all rumors of FOXCONN leaving the motherboard market are groundless.Source: DigiTimes
Foxconn Electronics' subsidiary Foxconn Technology also announced October consolidated sales of NT$16.72 billion, up 13.12% on month and 25.9% on year. Accumulated sales from January to October were NT$127.87 billion, representing 18.56% growth from the same period of 2007.