Apple's largest iPhone manufacturer has reported almost a fifth higher revenue for April 2024 compared to the same month in 2023, in part because of diversification.


Workers in a Foxconn factory
In March 2024, Foxconn's parent company Hon Hai Precision Industry Co reported a 10% revenue drop in Q1, specifically because of slowing demand over the iPhone. Now despite coming in what it describes as traditionally a transition month between old and new products, the company is reporting a record high revenue for April 2024.

According to Bloomberg, the company says it earned 19% more year over year. Its monthly sales for April 2024 were $15.8 billion, compared to $13.3 billion in April 2023.


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