IPhone Maker Hon Hai’s April Sales Surge 26% Ahead of US Tariffs
The Foxconn Technology Group's campus in Shenzhen.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Hon Hai Precision Industry Co., the main contract manufacturer for Apple Inc. and Nvidia Corp., said its April revenue rose 26%, likely boosted by the hastening of orders ahead of US tariffs that could upend business for its customers.
Sales in April reached NT$641.4 billion ($21.4 billion). That contributed to Hon Hai’s best ever total for the first four months of the year, the company said on Monday, crediting “strong pull-in momentum” for things like AI products.