Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen South China Wu Yanzu for the clue delivery! CTOnews.com June 5 news, Hon Hai Group said today, due to weak sales of smart consumer electronics products, the company's revenue in May was NT $450.7 billion (CTOnews.com Note: currently about 104.112 billion yuan), down 9.5% year-on-year, but month-on-month growth of 5%, in line with the company's expectations.

The company said in a statement that revenue for smart consumer electronics products, including smartphones, fell as it entered a "traditional off-season." At the same time, Hon Hai reiterated its expectation that its business would still decline year-on-year in the second quarter due to the high base in the same period last year and the "seasonal off-season" of the upcoming transition between old and new products.

The analysis pointed out that because major electronics suppliers, including Apple, choose to launch new products near the year-end holiday, the performance of contract manufacturers such as Hon Hai Group in the first half of the year will generally be relatively flat.

CTOnews.com previously reported that Apple beat expectations for the first quarter ended April 1 thanks to better-than-expected iPhone sales and overall strong performance in India and other emerging markets. However, Hon Hai Group previously reported a 56% drop in net profit for the first quarter, lower than expected, creating its biggest quarterly decline in three years.

However, Hon Hai said last week that large-scale adoption of AI will strongly drive demand for its server business this year, but the company also reiterated that its overall performance in 2023 will be constrained by global economic difficulties and will only be flat with last year.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.