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Foxconn saw best-ever April revenues partly because of better than expected iPhone demand

  • Foxconn, the parent company of Hon Hai Precision Industry Co, reported a record high revenue for April 2024.
  • The company earned 19% more year over year, with monthly sales reaching $15.8 billion.
  • Apple, which accounts for over 50% of Foxconn's revenues, has contributed to the strong performance.
  • Foxconn has been diversifying its operations, closing factories in China and investing in expansion in India and Vietnam.

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