The largest contract manufacturer of Apple-branded electronic devices, Taiwan’s Foxconn (Hon Hai Precision Industry), this week summed up the results of April, reporting a 26% increase in monthly revenue year-on-year to $21.4 billion. Such dynamics were largely facilitated by the concern of the largest client about the potential impact of American customs duties on product deliveries to the United States.
It is noteworthy that Foxconn representatives highlighted the desire of customers to purchase more products related to the artificial intelligence segment among the factors that contributed to the new revenue record for the first four months of the year. It is no secret that Foxconn is the largest contract manufacturer of server systems based on Nvidia computing accelerators. The desire of customers to import more of these systems to the US before the increased import duties came into force helped Foxconn increase revenue in April.
Apple itself said last week that its costs in the current quarter would increase by $900 million due to higher tariffs, although in the US, duties have not yet increased in all market segments where the brand’s products are represented. Foxconn expects revenue growth in the current quarter both sequentially and year-on-year, but the volatility of geopolitical and economic conditions requires close monitoring of the situation. Foxconn’s full quarterly report will be published on May 14 of this year.
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