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TAIPEI: Apple<\/a> iPhone assembler Foxconn<\/a> gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand<\/a> after a pandemic-fuelled boom.
The comments from the Taiwanese company, the world's largest contract electronics maker, echo those from other Asian tech firms that have warned of a drop in sales of smartphones, TVs and gadgets as surging inflation and deepening concerns of a recession crimp consumer spending.
Foxconn has been largely shielded from these demand problems so far as the popularity of iPhones<\/a> has endured among a loyal and relatively affluent customer base, and it said on Wednesday that rising inflation will only have a limited impact on mid- to high-end smartphone demand in the rest of the year.
Still, Foxconn forecast flat revenue growth in its consumer electronics business including smartphones for the quarter ending September, signalling that demand for some devices<\/a> was slowing after \"significant growth\" in the second quarter, when the business accounted for half of its overall revenue.
\"On the whole, we are slightly more cautious about the third quarter, but compared to the same period last year, we could still see growth,\" the company's Chairman Liu Young-way told a post-earnings call.
\"We will closely watch developments in geopolitics, inflation, and the pandemic.\"
Like other global manufacturers, Foxconn, formally called Hon Hai Precision Industry Co Ltd, has dealt with a severe shortage of chips that hurt production as bottlenecks from the pandemic lingered and the Ukraine war further strained logistical channels.
On Wednesday the company said the second half of the year would look better than the first if there were no major geopolitical changes.
RESILIENCE<\/strong>
China's Lenovo Group the world's biggest PC maker whose results are a good indicator of consumer electronics demand<\/a>, posted on Wednesday its smallest revenue growth in nine quarters as sales of gadgets eased after being driven by the pandemic, and it was also hit by COVID-19 lockdowns at home.
Both Foxconn's net profit and revenue for the April-June quarter rose 12%, and Liu said the numbers show its \"resilience\" amid supply chain problems.
\"Our customers, and ourselves, we are all large global technology companies, and have relatively strong supply chain management abilities. This advantage allows us to minimise the impact of any materials shortages,\" Liu said.
Foxconn said it anticipates revenues for cloud and networking products to be strong in the third quarter. It reaffirmed its stance from last month that overall revenue this year will grow, rather than a previous guidance of remaining flat.
It did not provide a numerical outlook.
With a view to the future, Foxconn has diversified into areas including electric vehicles and semiconductors.
UNIGROUP INVESTMENT<\/strong>
Speaking about Foxconn's $800 million investment in embattled Chinese chipmaker Tsinghua Unigroup<\/a> last month via a subsidiary, Liu said Foxconn will follow the law and if authorities did not approve the investment, it had a back-up plan.
He did not elaborate on the plan.
Taiwan, which has become increasingly cautious about China's ambition to boost its chip industry, wants to persuade Foxconn to unwind the investment, the Financial Times reported on Wednesday.
The democratically governed island, which China claims as its territory, prohibits companies from building their most advanced foundries in China and has proposed new laws to prevent what it says is China stealing its chip technology<\/a>.
Taiwan has faced days of Chinese military drills since last week when U.S. House Speaker Nancy Pelosi visited the island, despite warnings from Beijing against a trip.
Foxconn shares closed 0.9% higher ahead of the earnings release, versus a 0.7% drop in the broader market. They have risen 5.8% so far this year, giving the company a market value of $50.3 billion.
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智能手机销量放缓的富士康开始感到刺痛
富士康在很大程度上受到这些需求问题只要iphone中经历了一个忠诚的流行和相对富裕客户群,这周三表示,通货膨胀只会产生有限的影响,高端智能手机今年馀下的需求。
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台北:苹果iPhone汇编富士康给了一个谨慎的前景本季度发布结果超出预期后,引用放缓智能手机的需求后pandemic-fuelled繁荣。
评论从台湾公司,全球最大的电子产品合同制造商呼应其他亚洲科技公司警告称,智能手机的销量下降,电视和设备因不断飙升的通货膨胀和经济衰退的担忧加剧,削弱消费者支出。
富士康在很大程度上受到这些需求问题的受欢迎程度iphone经历了一个忠诚的和相对富裕客户群,这周三表示,通货膨胀只会产生有限影响中期高端智能手机今年馀下的需求。
不过,富士康平收入增长预期在消费电子产品业务包括智能手机截至9月份的季度,表明一些需求设备正在放缓在第二季度“显著增长”之后,当业务占其总收入的一半。
“总的来说,我们对第三季度更谨慎,但与去年同期相比,我们仍然可以看到增长,”该公司的主席刘Young-way告诉电话公布财报收益。
“我们将密切关注地缘政治的发展,通货膨胀,和大流行。”
像其他全球制造商,富士康,正式被称为鸿海精密工业股份有限公司,已处理芯片的严重短缺影响生产的瓶颈流行逗留和乌克兰战争进一步紧张的物流渠道。
周三该公司表示,今年下半年会比第一如果没有重大地缘政治变化。
弹性
中国的联想集团是世界上最大的个人电脑制造商,其结果是消费者的良好指标电子产品的需求周三公布,其最小的九个季度收入增长的销售产品后缓解由大流行,它受到COVID-19锁定在家里。
富士康的净利润和4 - 6月当季营收增长12%,和刘说,数据显示其“弹性”在供应链问题。
“我们的客户,和我们自己,我们都是大型全球技术公司,和相对强大的供应链管理能力。这个优势可以让我们减少任何材料短缺的影响,”刘说。
富士康表示,它预计收入为云计算和网络产品在第三季度要坚强。从上个月重申立场,今年整体营收将增长,而不是先前的指导保持平坦。
它没有提供一个数值前景。
为了未来,富士康多样化包括电动汽车和半导体领域。
UNIGROUP投资
谈到富士康投资8亿美元在中国四面楚歌的芯片制造商清华Unigroup上个月通过一个子公司,刘说,富士康将遵守法律,如果政府没有批准的投资,它有一个后备计划。
他并没有透露具体的计划。
台湾,中国变得越来越谨慎的雄心壮志来提高自己的芯片产业时,想要说服富士康解除投资,英国《金融时报》周三报道。
民主统治的岛屿,中国宣称为其领土,禁止公司在中国发展最先进的铸造厂和提出了新的法律来防止它说中国偷窃芯片技术。
台湾面临着天的中国军事演习自上周美国众议院议长佩洛西(Nancy Pelosi)参观了岛,尽管警告从北京旅行。
富士康股价收高0.9%在财报公布之前,与大盘下降0.7%。他们今年迄今已上涨5.8%,使该公司市值为503亿美元。
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