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Foxconn Reports Revenue Growth In 4Q2019

Foxconn Technology Group has reported consolidated revenues of NTD 539.51 billion (USD 17.79 billion) for December 2019, down 10.48 percent on month and 12.89 percent on year, while its revenues for 4Q2019 reached NTD 1.73 trillion, growing 25.23 percent sequentially to hit the second-highest-ever record. Foxconn’s consolidated revenues arrived at NTD 5.33 trillion in full-year 2019, up slightly by 0.82 percent on year, and a new high.

In December 2019, the enterprise-related product business, including server and network communication devices, had the best on-month revenue growth, followed by the component and other business composed of connector, chassis, and services, the consumer and smart product business including smartphones, TVs, and game consoles. The company’s computing business, including PCs and tablets, had the worst performance in the month.

For 4Q2019, the computing business had the best sequential revenue growth, followed by the consumer and smart product business, the enterprise-related product business and the component and other business. For 2020, Foxconn is optimistic about the enterprise-related product business and expects strong on-year growth for the business, while the other three businesses will all see small on-year revenue growths.

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