Hon Hai June Revenue Falls

According to Taipai Times, Hon Hai Precision Industry Co (鴻海精密) yesterday reported consolidated revenue fell 9.08 percent from a year earlier to NT$360.53 billion (US$12.20 billion) last month, ending two consecutive months of annual increases.

Last month’s figure was down 6.83 percent from May, after rising three months in a row on a monthly basis, company data showed.

A sales breakdown showed that cloud and Internet products were the largest contributors to revenue last month for the leading assembler of Apple Inc’s iPhones, while consumer electronics provided the least support.

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