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Gross sales at Taiwan’s Apple provider Hon Hai flat in September

TAIPEI, Oct 5 (Reuters) – Gross sales at Hon Hai Precision Business, identified by its commerce title Foxconn and as a key provider of Apple Inc’s merchandise, rose by 0.5% rise in September.

The world’s largest contract electronics producer reported revenues of T$587.79 billion ($19 billion) in September, up from T$584.93 billion from a yr earlier, it mentioned in a submitting to the Taiwan inventory trade.

Though solely a slight yearly enhance, the month-to-month income determine was the corporate’s highest for September.

Taipei-based Foxconn, which manufactures the majority of Apple’s iPhones in China on the market in the USA, faces difficult quarters forward as Washington plans to impose further tariffs on Chinese language imports, together with smartphones.

The gross sales replace got here after Apple launched its three new iPhone fashions in September and minimize the beginning value.

Within the second quarter, Foxconn posted a 2.5% revenue drop, a barely smaller fall than analysts anticipated.

Foxconn is already battling weak world demand for different electronics units, which has pressured it to think about promoting its $8.Eight billion show panel manufacturing unit in China, Reuters reported in August. ($1 = 30.9480 Taiwan {dollars}) (Reporting by Yimou Lee; Enhancing by Alexander Smith)


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