Foxconn Q1 Sales Edge Up, but Q2 Outlook Poor

A woman walks past the logo of Foxconn outside a company's building in New Taipe City, Taiwan, on Dec. 22, 2022. Annabelle Chih/Reuters

TAIPEI—Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc., said that revenue in the first quarter rose 3.9 percent year-on-year, but that sales for the current quarter would be down.

Revenue last month reached the third highest on record for March at T$400.3 billion ($13.14 billion), though that represented a 21.1 percent year-on-year fall, the company said in a statement on April 5.