Foxconn says December sales jump 14%, key iPhone plant near 'normal' (AAPL) - Seeking Alpha

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Apple (NASDAQ:AAPL) shares roseate astir 1% successful premarket trading connected Thursday arsenic its cardinal manufacturing spouse reported a leap successful December gross and said its superior iPhone manufacturing works had "gradually returned to normal."

Foxconn, besides known arsenic Hon Hai Precision (OTCPK:HNHPF), said December gross roseate 14.2% month-over-month, but down 12.3% year-over-year to NT$ 629.3B ($20.51B).

"As accumulation and operations person gradually returned to mean astatine the Zhengzhou field successful December 2022, Components and Other Products and Smart Consumer Electronics Products delivered treble digit maturation [month-over-month]," Foxconn said successful a statement.

Foxconn added that December gross was the third-highest ever for the institution and "better than expected" erstwhile compared to interior forecast.

Foxconn (OTCPK:HNHPF) besides reported fourth-quarter gross connected Thursday, noting it came successful astatine NT$ 1.957B, up 12.1% sequentially and 3.5% year-over-year. The figures were the company's second-highest ever for the aforesaid period.

A Foxconn root acquainted with the substance told Reuters that the maturation successful December for its user electronics concern showed Apple (AAPL) did not chopped orders.

Foxconn (OTCPK:HNHPF) added that its outlook for first-quarter gross is expected to beryllium "roughly successful enactment with marketplace consensus," particularly successful airy of accumulation astatine its Zhengzhou works having "basically returned to normal" successful December.

The company's Zhengzhou works is wide believed to beryllium liable for arsenic overmuch arsenic 70% of Apple (AAPL) iPhone production.

In November, Apple (AAPL) warned of little iPhone 14 shipments due to the fact that of China's COVID-related lockdowns. Since then, China has abolished its lockdowns and relaxed galore of its restrictions.