Foxconn sees Q2 surge after profit leaps on COVID-19 work-from-home boom

FILE PHOTO: A sign of Foxconn is seen at a glass door inside its office building in Taipei, Taiwan November 12, 2020. REUTERS/Ann Wang

TAIPEI (Reuters) -Taiwan's Foxconn on Friday forecast a 15% rise in second-quarter revenue as the work-from-home boom spurred by the COVID-19 pandemic extends, boosting demand for consumer devices such as the iPhones that Foxconn assembles for Apple.

The upbeat forecast by the world's biggest contract electronics manufacturer reinforces strong growth momentum that saw its first-quarter profit rocket with revenue rising by 45%, even as it is forced to sharply reduce iPhone production in India due to surging coronavirus cases there. [nL1N2MY0BX