On Tuesday, November 5th, Foxconn's parent company Hon Hai Technology Group announced its latest sales data: October sales reached NT$ 804.85 billion, a year-on-year increase of 8.59%, with a slight slowdown in growth compared to September.
Hon Hai's stock fell over 2% on Tuesday. Since the beginning of this year, Hon Hai's stock price has surged over 60% riding the wave of AI.
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- On November 5, Foxconn's parent company, Hon Hai Technology Group, reported October sales of 804.85 billion TWD (approximately 25.2 billion USD), marking an 8.59% year-on-year increase, the lowest growth rate since February.  
- Analysts predict a 15% sales increase this quarter, reaching 2.13 trillion TWD.  
- The slowdown in sales has raised concerns about weak demand for iPhones and AI infrastructure, leading to a more than 2% drop in Hon Hai's stock on Tuesday, despite a 60% rise in share price this year.  

Hon Hai's sales in October reached NT$ 804.85 billion, a year-on-year increase of 8.6%