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Monday, July 4, 2022

Recession? What Recession? Foxconn Raises Outlook -- Reuters -- July 4, 2022

Apple is tracked here.

EVs are tracked here.

Through those two sites Foxconn is tracked indirectly, as is TSMC.

A reader caught this and sent it my way this morning: Foxconn raises full-year outlook on strong tech demand. Data points:

  • full name: Hon Hai Precision Industry Co Ltd
  • world's largest contract electronics maker
  • raised its full-year business outlook
  • based on strong tech sales from smartphones
  • company's June, 2022 (2Q22) sales jumped 31% from a year earlier
  • this is a record high for the month of June (last month of the 2Q22)
  • smartphones: make up the bulk of its revenue
  • Micron had opposite guidance/outlook -- but raised its dividend, nonetheless
  • Foxconn: saw "significant growth" compared with a year earlier

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