Foxconn reiterates Q2 revenue to grow, posts record April sales

Foxconn expected a rise in second-quarter revenue, and reported record sales for the month of April. Foxconn said in a statement that this year's second quarter "remains a traditional off-peak season, and major products are entering a period of transition between old and new products", but it added: "The operations outlook for the second quarter is expected to show both quarter-on-quarter and year-on-year growth".

Taiwan-based Foxconn, the world's largest contract electronics manufacturer and Apple's primary iPhone assembler, has reported a significant increase in April revenue, with a year-on-year growth rate of 25.54% [1]. This growth comes amidst a challenging global economic and political landscape, as the company anticipates further expansion in the second quarter.

Foxconn's April revenue surge is particularly notable given that the second quarter is traditionally an off-peak season for electronics manufacturing, with major products transitioning between old and new models. Despite this, the company remains optimistic about its operational outlook, expecting both quarter-on-quarter and year-on-year growth in the upcoming period [1].

This positive performance aligns with broader industry trends, including Apple's recent shift in manufacturing strategies. Apple CEO Tim Cook revealed that most iPhones sold in the US during the June quarter will be made in India, marking a significant change from the company's reliance on Chinese production [2]. This move is a response to ongoing trade tensions and rising tariffs on Chinese imports, with India emerging as a strategic alternative production hub.

The shift towards India also reflects Foxconn's expanding role in Apple's supply chain. The company has been ramping up production in India with the help of manufacturing partners like Foxconn and Pegatron. Additionally, Apple is expanding its retail footprint in India, with more stores expected to open by the end of 2025.

However, despite these positive developments, Foxconn and Apple remain cautious about the long-term impact of tariffs. Apple warned investors that tariffs could cost the company up to $900 million in the June quarter if trade policies remain unchanged [2]. This uncertainty underscores the need for continued monitoring of global political and economic conditions.

In conclusion, Foxconn's April revenue growth and optimistic outlook for the second quarter demonstrate resilience in the face of challenging economic conditions. The company's strategic partnerships and manufacturing expansions, particularly in India, highlight its commitment to diversifying its supply chain and adapting to evolving global trade dynamics.

References:
[1] https://www.thestar.com.my/tech/tech-news/2025/05/05/foxconn-says-april-revenue-rose-2554-yy-sees-q2-growth
[2] https://www.timesnownews.com/technology-science/apple-ceo-tim-cook-reveals-most-us-iphones-in-june-quarter-will-be-made-in-india-article-151550633