Focus Taiwan
Date: 06/06/2020
By: Chung Jung-feng and Frances Huang

Taipei, June 6 (CNA) iPhone assembler Hon Hai Precision Industry Co. saw its sales hit the highest level ever for May, with market analysts attributing the growth to U.S. consumer electronics giant Apple Inc. launching global sales of the more affordable new iPhone SE.

In a statement released Friday, Hon Hai said it posted NT$386.98 billion (US$12.92 billion) in sales, up 1.59 percent from a month earlier and up 0.72 percent from a year earlier. Analysts said the presence of the new iPhone SE, which hit stores in April, helped Hon Hai offset the impact of the COVID-19 pandemic.

On a month-on-month basis, Hon Hai said, its consumer electronics division enjoyed the highest growth in sales, ahead of the computer, electronic components, and cloud-based Internet communications device divisions.

However, in the first five months of this year, Hon Hai's consolidated sales stood at NT$1.698 trillion, down 6.74 percent from a year earlier.    [FULL  STORY]