Foxconn's April sales fall 12% on slowing smartphone business


FILE PHOTO: Foxconn logo is seen in this illustration taken, May 2, 2023. REUTERS/Dado Ruvic/Illustration

TAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker and major iPhone assembler, said on Friday revenue in April fell 11.77% year-on-year due to weakness in smart consumer electronics, and expected business to drop this quarter.

Foxconn said revenue last month reached T$429.2 billion ($14 billion), in line with the company's own expectations.

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