{"id":1991751,"date":"2023-08-05T07:07:02","date_gmt":"2023-08-05T11:07:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/foxconns-july-sales-drop-1-23-y-y-q3-outlook-better\/"},"modified":"2023-08-05T07:09:47","modified_gmt":"2023-08-05T11:09:47","slug":"foxconns-july-sales-drop-1-23-y-y-q3-outlook-better","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/foxconns-july-sales-drop-1-23-y-y-q3-outlook-better\/","title":{"rendered":"Foxconn&#8217;s July sales decline by 1.23% YoY, but Q3 outlook improves."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffoxconns-july-sales-drop-1-23-y-y-q3-outlook-better%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1991751&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><h2>Taiwan&#8217;s Foxconn Forecasts Business Rebound in\u2064 Third Quarter<\/h2>\n<\/p>\n<p>Taiwan&#8217;s Foxconn, the world&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/foxconn-cautiously-optimistic-about-q4-outlook\/\" title=\"Foxconn \u2018cautiously optimistic\u2019 about Q4 outlook\">largest contract electronics maker<\/a> and \u200ca major supplier \u2064for Apple, reported\u2063 a 1.23% year-on-year decline \u2063in revenue for \u200bJuly. However,\u2062 the company \u200bexpects a rebound in the third \u2062quarter.<\/p>\n<p>Revenue for last month reached T$469.23 billion ($14.82 billion), marking an \u2064almost 11% increase from June.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The \u2062company attributes the\u2063 second-highest revenue for July to the growing demand for its smart consumer electronics products,\u2062 including smartphones. This <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/foxconns-july-sales-drop-1-23-y-y-q3-outlook-better\/\" title=\"Foxconn's July sales decline by 1.23% YoY, but Q3 outlook improves.\">segment experienced double-digit growth \u200bcompared<\/a> to the previous year,\u200c as major\u200b vendors\u2063 like Apple prepare \u2062for upcoming product launches.<\/p>\n<p>However, \u2064other businesses such as computing products and \u200bcloud and\u200b networking products declined without further explanation.<\/p>\n<p>In a statement, \u2064Foxconn expressed optimism \u200cfor the third quarter, expecting it to outperform the previous\u2062 two years. The company anticipates a gradual ramp-up in operations during the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/as-worker-shortages-continue-walmart-gives-out-bonuses-to-stop-employees-from-quitting\/\" title=\"As Worker Shortages Continue, Walmart Gives Out Bonuses To Stop Employees From Quitting\">peak season<\/a> of the second half of the \u2063year.<\/p>\n<p>Traditionally, the \u2064first half of the \u2064year is slower for Taiwan tech manufacturers,\u200d with major electronics \u2062vendors like Apple launching \u200cnew products closer to the year-end \u200choliday season.<\/p>\n<p>In July, \u200cFoxconn reported a 13.8% \u2063year-on-year drop\u200d in second-quarter revenue, which\u200b was in line with their expectations. The \u200ccompany will release its third-quarter earnings \u200don Aug. 14.<\/p>\n<p>($1 = 31.6520 Taiwan \u2064dollars)<\/p>\n<\/p>\n<p>  (Reporting By Yimou Lee)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/foxconns-july-sales-drop\/attachment\/file-photo-illustration-shows-foxconn-logo-2\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>More Articles:<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>with Tom MacDonald<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>with Gregory Angelo<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>with \u2062Anthony \u2062Watson<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>with Alex Newman<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>U.S. \u2064Judge Hears Antitrust Lawsuit Against\u200d Google<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Ericsson Shareholders \u200cSue Company for $170 Million<\/h3>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Taiwan&#8217;s Foxconn, the biggest contract electronics maker and an Apple supplier, reported a 1.23% YoY decline in July revenue. However, it anticipates a business recovery in Q3. Foxconn, also known as Hon Hai Precision Industry Co Ltd, recorded revenue of T$469.23 billion ($14.82 billion) last month, a significant increase.<\/p>\n","protected":false},"author":66,"featured_media":1991752,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1991751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1991751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1991751"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1991751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1991752"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1991751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1991751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1991751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}