Foxconn and Pegatron Report Revenue Drop in February

Foxconn and Pegatron, manufacturing partners of Apple, both reported revenue drops in February., according to DigiTimes.

Foxconn reported consolidated revenues of about $138.49 million for February, a 30.51% drop on month and 36.64% drop on year. So far this year, Foxconn has totaled NT$11.112 billion in revenues which is down 35.18% compared to last year.

Pegatron also saw February revenues decrease 35.2% on month and 5.1% on year. It's total revenues for this year so far are NT$167.15 billion, down 10.8% on year.

Some market watchers believe iPhone's weak sales in the fourth quarter of 2015 affected Apple's orders for the first quarter, and the issue was the key driver of Pegatron's revenue decline.

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