Foxconn Technology Group reported NT$672.6 billion ($21.4 billion) in November revenue, marking a 16.4% decline from October but still achieving the second-highest November sales on record. The world’s largest electronics manufacturer saw a 3.5% increase from the previous year.
The revenue drop follows October’s near-record NT$804.8 billion performance and reflects the end of iPhone 15 production peaks. The company cited a temporary slowdown in AI server demand during the transition from Nvidia’s Hopper to Blackwell platforms.
The Taiwan-based manufacturer disposed of 4.41 million Vizio shares at $11.50 each through its subsidiary Foxconn Assembly Holding Corporation, realizing a profit of $26.9 million.
In its product segments, computing showed strong growth on new product momentum, while cloud networking declined due to server product transitions. Consumer smart products weakened following October’s sales surge driven by China’s Singles Day and North American holiday demand.
Year-to-date revenue reached NT$6.2 trillion ($197.3 billion), surpassing 2022’s full-year figure. Despite current fluctuations, Foxconn expects significant quarter-over-quarter growth, with AI remaining central to its 2025 strategy.
