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Foxconn sees record May revenue surge by 22.1%

Taiwan’s Foxconn the world’s largest contract electronics maker and Apple’s (AAPL.O), opens new tab biggest iPhone assembler, reported on Wednesday revenue for May rose 22.1% year-on-year, a record high for the month.

It said in a statement that its original outlook for the second quarter was for both quarter-on-quarter and year-on-year growth
“Due to higher-than-expected demand from AI servers, current visibility for the second quarter is expected to beat expectations,” it added in a statement, without elaborating.

The company does not provide numerical guidance. Reuters

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