Ninelu Tu, Taipei; Jackie Chang

 

Foxconn Electronics (Hon Hai Precision Industry) reported unconsolidated December revenues of NT$316.944 billion (US$11 billion), a 3.17% increase on month and 29.53% increase on year. Accumulated revenues for 2011 reached NT$2.77 trillion, a 19.89% increase compared to 2010.

Foxconn indicated the growth in revenues was due to increased demand of consumer electronics. PC and telecom business units have also been growing continuously. Industry sources believe high demand for Apple products such as iPhone and iPad helped to push Foxconn's December revenues to a new record.

Subsidiary Foxconn Technology reported December revenues of NT$14.499 billion, a slight 8.24% decrease compared to November. Fourth-quarter 2011 revenues were NT$44.629 billion, a 62.8% increase on quarter.

However, Foxconn chairman Terry Guo has expressed a pessimistic view of the economy in 2012 in recent talks.