Foxconn's revenue of 175.9 billion US dollars in 2017 increased by 8% year-on-year

According to the evening news on January 11th, Beijing time, according to documents submitted by Foxconn to the Taiwan Stock Exchange, the company’s revenue for 2017 was 4.7 trillion Taiwan dollars (about 158.9 billion US dollars), an increase of 8% year-on-year.

In contrast, Foxconn’s 2016 revenue was NT 4.35 trillion, a 2.8% drop from 2015.

In the fourth quarter of last year, Foxconn’s revenue was 675.1 billion Taiwan dollars (US$22.84 billion), a year-on-year increase of 50.2%.

Last year, as iPhoneX was postponed until November, some analysts believe that Foxconn’s revenue in early 2018 will increase significantly.

However, according to media reports in December, the demand for iPhoneX in the first quarter of this year may be lower than market expectations. In any case, analysts still believe that iPhone shipments in the first quarter of this year will increase significantly.

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