Hon Hai, known also as Foxconn, makes most of the world’s iPhones but is diversifying to put greater focus on building data centre server racks and other equipment for artificial intelligence clusters. That’s helped its stock reach a record high this year.
Hon Hai Precision Industry Co posted strong growth in April sales, potentially raising expectations for iPhone sales while AI-related business booms.
The company, which assembles the majority of Apple Inc’s smartphones, reported a 19% rise in monthly sales to NT$510.9 billion (US$15.8 billion), compared with revenue of NT$429.2 billion in April 2023. It said in a statement Sunday that April revenue climbed to a record for the month.
