TAIPEI (Taiwan News) — Foxconn reported on Sunday (May 5) record-high April consolidated sales of NT$510.9 billion (US$15.82 billion), an increase of 14% from the previous month, largely due to the sale of AI products and Apple’s new MacBook Air line.
Strong sales figures come as Q2 is a traditionally slow season for many IT companies. Foxconn expects April sales momentum to carry through the rest of the year.
“The current quarter is a traditional off-peak season, and major products are entering a period of transition between old and new. The operations outlook for the second quarter is expected to show both quarter-on-quarter and year-on-year growth," said Foxconn.
Foxconn said April growth came from the consumer product category, components, AI cloud networking products, and AI servers. Foxconn said sales from these sectors offset growing inventories in traditional network communication products.
Market analysts have tracked Foxconn’s growing push into AI in recent quarters. Previously, Foxconn CEO Young Liu (劉揚偉) predicted Foxconn and NVIDIA would make progress in the first half of the year creating major platforms for AI factories, AI smart manufacturing, and AI smart electric vehicles, per UDN.
Earlier in March, Foxconn became more bullish on full-year sales and revenue figures due to growing demand for AI servers.