Foxconn hits record

Thanks to consumer electronics boom

Foxconn executives are laughing all the way to the bank after the outfit reported consolidated turned in revenues of $ 18.85 billion for November

This figure is a record, showing 17.33 percent on month and 18.5 percent on the year and is the highest ever monthly figure. Combined consolidated revenues for the first 11 months of 2017 are up 3.33 percent from the same period a year ago.

Foxconn pointed out that the consumer electronics product business had the best results with highest growth, followed by communication products, while the company’s PC computing product business saw on-month revenue decline in November.

With demand for new smartphones remaining strong and the company’s production efficiency having seen major improvements, some market watchers are optimistic about Foxconn’s upcoming performance and expect the maker’s December revenues to stay high.

Foxconn’s business group that focuses mainly on healthcare-related applications also participated in Taiwan Healthcare + Expo in Taipei to showcase its new development and products for the smart medical care market.