14 DAY TRIAL // It appears that the month of February was not one that brought any sort of joy to companies on the IT market, for several reasons, as even Foxconn is revealed to have experienced a fall in revenues during that period.
Every year, the first quarter is known as the slow season, as is, to some extent, the second one, since the market is recovering, so to speak, after the winter holiday shopping season.
In some measure, the trade shows that take place during this period, like CES (Consumer Electronics Show), MWC (mobile World Congress) and CeBIT are intended to prevent the rate of sales form slowing to a crawl.
That said, February is especially troublesome from a financial standpoint because it has fewer working days that all other months of a year.
Companies on the motherboard, desktop and notebook markets also had to contend with the mass recall of Sandy Bridge-based products, further reducing sales.
Foxconn, however, is said to have been satisfied with the growth on the PC segment and that the largest contributor to its revenues was the area of consumer electronics.
Even despite not being affected by the Cougar Point chipset issue, however, the outfit still saw its revenue figure go down 17.9% sequentially.
The sum was of NT$152.88 billion, which is the equivalent of US$5.15 billion, leaving the total for the first two months of the year at NT$339 billion, which actually shows a 31.5% on-year jump.
All things considered, the monthly decline of almost 18% was in line with company expectations as communications-related sales remained flat sequentially.
For the month of March, Foxconn intends to make the best of the CE segment and of being a major assembler of Apple products to drive revenues back at January levels. Whether or not it turns out successful only time will tell.