Hon Hai Precision Industry Co., a major manufacturing partner for Apple Inc., has reported its slowest monthly sales growth since February, which has raised concerns about demand for both AI infrastructure and iPhones.
The company's October sales reached NT$804.9 billion ($25.2 billion), reflecting an 8.6% increase. Analysts predict that Hon Hai's sales will grow by 15% to NT$2.13 trillion in the current quarter.
However, the subdued sales growth aligns with Apple's weak forecast for the upcoming holiday quarter, indicating potential challenges ahead for both companies in meeting market expectations.