IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers.
Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier.
The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed.
Photo: CNA
Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales growth on a year-on-year and quarter-on-quarter basis in the third quarter.
Sales in its electronics component division also rose significantly on the back of an increase in critical component and automotive component shipments, the company said.
The computing division reported solid year-on-year sales growth in the third quarter due to the debut of new products, but sales stayed little changed from a quarter earlier, it said.
The company’s smart consumer electronics division reported robust quarter-on-quarter sales growth as new products hit the market, but stayed flat from a year earlier, it added.
In the first nine months of this year, Hon Hai’s consolidated sales rose by 9.73 percent from a year earlier to NT$4.73 trillion. The world’s largest contract electronics maker expects sales momentum to accelerate this quarter, because of peak season effects in the global information and communications technology industry, it said.
The company is scheduled to hold its annual Tech Day tomorrow and Wednesday to introduce new electric vehicle models and AI servers.
Meanwhile, smartphone camera lens maker Largan Precision Co (大立光), another supplier to Apple Inc, reported on Saturday that its consolidated sales last month rose 17.08 percent from a year earlier to NT$6.52 billion.
However, the figure fell 7.04 percent from the prior month, which the company attributed to shipping some products to clients ahead of schedule in August.
In the third quarter, Largan posted NT$18.95 billion in consolidated sales, up 72.5 percent from the second quarter and up 39 percent from a year earlier, with analysts saying the company benefited from the efforts of international smartphone brands, including Apple, to introduce new products.
In the first nine months of this year, Largan’s consolidated sales rose by 33.23 percent year-on-year to NT$41.25 billion. The company expects sales this month to stay little changed from last month, while the year-on-year growth could decline due to a relatively high comparison base during the same month last year, it said.
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