Foxconn Technology Group: global revenue 2005-2019

In 2019, Foxconn Technology Group generated revenues of about 178 billion U.S. dollars, an increase from the 173 billion U.S.s dollars in revenue that the company recorded in 2018.

Foxconn - additional information

Trading as Foxconn Technology Group, Hon Hai Precision Industry Co., Ltd. is the world's largest contract electronics manufacturer. In 2012, reports suggested that the company's factories produced approximately 40 percent of all consumer electronics, for customers such as Apple, Dell, Amazon, Hewlett Packard, and Sony. The company currently employs well over a million people worldwide and was, in fact, one of the world's largest employers in 2015.

Foxconn's factories are distributed around the world, although the majority of its workforce is based in mainland China. Foxconn's largest factory sits in Longhua Town, Shenzhen, China, where -according to some estimates – it employs between 200 and 500 thousand people. The company also has factories in Japan, India, and Malaysia, several central and eastern European countries, Brazil, and Mexico. While there have been plans to build a factory within the United States, these plans are as yet unrealized.

Despite building electronics products for many companies, Foxconn is often thought of as having particularly strong ties with Apple. Indeed, as seen in the statistic, Foxconn's revenues are substantial and the company's present-day success must be at least partially attributed to the success of and demand for Apple's consumer products, such as the iPhone, iPad, and iPod. Foxconn's revenues are such that, in 2013, the company generated around 4,000 U.S. dollars in revenue every second. In 2015, this number is closer to 4,300 U.S. dollars per second. Foxconn's net income has increased steadily, year on year, and in 2015 was close to breaking 5 billion U.S. dollars.

Foxconn Technology Group's revenue (Hon Hai Precision Industry) worldwide from 2005 to 2019

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Sources

Release date

May 2020

Region

Worldwide

Survey time period

2005 to 2019

Supplementary notes

The data is from publications from the Taiwan Stock Exchange and, more recently, Hon Hai Precision Industry's (Foxconn's) English-language financial reports. According to the source, the data was presented in New Taiwan dollars (TWD). The statistic shows the non-consolidated revenue of Hon Hai Precision Industry

* Foxconn's financial year ends on December 31st. The U.S. dollar figures represents an estimate based on the mid-market exchange rate as of the 1st of the following year. For example, the 2019 figure represents the Taiwan-U.S. dollar exchange rate at January 1st, 2020. At that date, the exchange rate was 1 New Taiwan dollar (TWD) to 0.03336 U.S. dollars (USD). The 2018 figure is based on the exchange rate from January 1st, 2019, and so on.

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