Hon Hai says sales up in March, but down for Q1



TAIPEI–Hon Hai Precision Industry Co. (鴻海), the world’s largest contract electronics manufacturer, had consolidated sales of NT$339.62 billion in March, up 21.01 percent from the previous month and 0.39 percent from the same month last year.

The growth was attributable to an increase in working days in March compared with February, which boosted sales of consumer electronics as well as computing and communications products, Hon Hai said in a statement Friday.

For the first three months of 2016, Hon Hai’s consolidated sales decreased 5.57 percent year-on-year to NT$957.87 billion due to seasonal effects, the company said.

Last year, Hon Hai’s sales got a big boost from strong demand for the iPhone 6/6 Plus, which created a high comparison base for this year, according to the company, whose biggest client is Apple Inc.