Taiwan's Foxconn, the world's largest contract electronics maker and major iPhone assembler for Apple, said on Sunday revenue in February fell 11.65% year-on-year due to weakness in smart consumer electronics, but stuck to its first quarter outlook.
Revenue last month still managed to reach the second highest on record for February at T$402.0 billion , with operations returning to normal at the COVID-disrupted Zhengzhou campus in China, a centre for iPhone production, the company said in a statement.
Production of iPhones faced disruption ahead of Christmas and January's Lunar New Year holidays, after curbs to control COVID-19 prompted thousands of workers to leave Foxconn'sCompared to the previous month, revenue dropped 39.12%, although cumulative sales for the first two months of the year jumped on-year 17.
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