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Largest Apple Supplier Foxconn Recorded Four Year Low on Revenue

Major Taiwanese newspaper, China Times, recently reported that Apple’s largest supplier, Foxconn, headquartered in Taiwan, just announced its February revenue numbers, which showed a month-over-month decline of 35.85 percent and a year-over-year decline of 4.39 percent. This is the lowest point in four and one-half years. Foxconn pointed out that the primary causes of the decline were the U.S.-China trade war and weak orders from Apple. According to the latest supplier list that Apple released, Foxconn remains the largest supplier with 35 manufacturing locations. Further looking into the February Foxconn report, the computing products category is still satisfactory, but consumer electronics and communications equipment were below expectations.

Source: China Times, March 8, 2019