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Hong Kong
CNN
—
Apple supplier Foxconn says its January monthly sales hit a record high as it bounced back from Covid-19 disruptions in China.
In a sales update on Sunday, the Taiwanese manufacturing giant reported revenue of 660.4 billion Taiwan dollars ($22 billion) in January, 48% more than the same period a year ago and its highest-ever level for that month. Revenue was up nearly 5% compared to the previous month.
The manufacturer attributed its performance to a strong rebound at its sprawling campus in Zhengzhou, central China.
The site, which is home to the world’s biggest iPhone factory, was crippled late last year by Covid-19 restrictions and workers’ protests.
Now, operations there are “returning to normal,” and product shipments have jumped, Foxconn said.
The company also said a “better components supply” helped boost sales.
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