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Apple supplier Foxconn posts fastest monthly sales rise in about half a year

Reuters  |  TAIPEI 

TAIPEI (Reuters) - Hon Hai Precision Industry Co Ltd, the world's largest contract electronics manufacturer, posted on Friday a 24 percent rise in its May sales, posting the biggest gain since December 2017, mainly due to strong sales in computing products.Hon Hai, known better by its trade name Foxconn and a key supplier of Apple Inc's products, took in revenues of T$347.1 billion ($11.60 billion) in May, up from T$279.8 billion from a year earlier, it said in a filing to the Taiwan stock exchange.A Foxconn representative told reporters on a call after the revenue announcement that the ...

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First Published: Fri, June 08 2018. 16:15 IST