Apple Partner Foxconn Sees Revenues Drop 20% in December

Apple Partner Foxconn Sees Revenues Drop 20% in December

Apple’s main assembly partner Hon Hai (Foxconn) saw revenues drop 20% in December. The company also missed full-year sales predictions made by industry analysts.┬áDecember numbers were as expected, Hon Hai said in an official statement.

Apple Partner Foxconn Sees Revenues Drop 20% in December

AppleInsider:

The company reported December revenue of $12.3 billion, coincidentally about a 20 percent drop both month-to-month and year-over-year, according to Reuters. Annual revenues were up 6.42 percent, but that figure was below an averaged analyst consensus calling for 7 percent.

A number of Apple suppliers have either seen lower than expected December revenue, or have adjusted their 2016 spending projections. These reports indicate Apple may be cutting their iPhone 6s/6s Plus production a bit, but no official word has been published.

After Christmas is traditionally a slow month for iPhone demand, remaining steady until a month or two before new models are announced.

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