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Foxconn Reiterates Q2 Revenue to Grow, Posts Record April Sales

Foxconn shareholders look at wafers on display after the annual shareholder meeting in New Taipei City, Taiwan May 31, 2023. REUTERS/Ann Wang/File Photo Purchase Licensing Rights
Foxconn shareholders look at wafers on display after the annual shareholder meeting in New Taipei City, Taiwan May 31, 2023. REUTERS/Ann Wang/File Photo Purchase Licensing Rights
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Foxconn Reiterates Q2 Revenue to Grow, Posts Record April Sales

Foxconn shareholders look at wafers on display after the annual shareholder meeting in New Taipei City, Taiwan May 31, 2023. REUTERS/Ann Wang/File Photo Purchase Licensing Rights
Foxconn shareholders look at wafers on display after the annual shareholder meeting in New Taipei City, Taiwan May 31, 2023. REUTERS/Ann Wang/File Photo Purchase Licensing Rights

Taiwan's Foxconn, the world's largest contract electronics maker and the biggest assembler of Apple's iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for the month of April. Foxconn (2317.TW), said in a statement that this year's second quarter "remains a traditional off-peak season, and major products are entering a period of transition between old and new products".

But it added: "The operations outlook for the second quarter is expected to show both quarter-on-quarter and year-on-year growth".

The statement did not elaborate and the company does not give numerical guidance, Reuters reported.

The company, formally called Hon Hai Precision Industry Co Ltd, said April revenue reached T$510.9 billion ($15.83 billion), which it said was the highest figure on record for the same period and represented an on-year rise of 19%.

Revenue in its smart consumer electronics products, including smartphones, in April showed "significant growth" year-on-year, it said.

Strong artificial intelligence (AI) server demand also delivered "strong growth" in April on-year for its cloud and networking products segment, the company added.

The monthly sales data comes ahead of Foxconn's first-quarter earnings call on May 14.

Foxconn has previously reported that for the first quarter, revenue slid 9.6% year-on-year to T$1.322 trillion, underperforming a T$1.401 trillion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate.

The first quarter is traditionally quieter than the previous one, the season when Taiwan's tech companies race to supply smartphones, tablets and other electronics to major vendors such as Apple for Western markets' year-end holiday period.

Apple's (AAPL.O) quarterly results and forecast beat modest expectations on Thursday, and CEO Tim Cook said revenue growth would return in the current quarter.

In March, Foxconn adopted a far more bullish outlook for this year, saying on its fourth-quarter earnings call that it expected a significant rise in revenue driven by booming demand for AI servers.

Foxconn's shares have surged almost 50% so far this year, compared with a 13% gain for the broader market (.TWII.)

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AI Tool Aims to Help Conserve Japan’s Cherry Trees 

Formula One F1 - Japanese Grand Prix - Suzuka Circuit, Suzuka, Japan - April 4, 2025 Red Bull's Max Verstappen is seen through cherry blossoms during practice. (Reuters)
Formula One F1 - Japanese Grand Prix - Suzuka Circuit, Suzuka, Japan - April 4, 2025 Red Bull's Max Verstappen is seen through cherry blossoms during practice. (Reuters)
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AI Tool Aims to Help Conserve Japan’s Cherry Trees 

Formula One F1 - Japanese Grand Prix - Suzuka Circuit, Suzuka, Japan - April 4, 2025 Red Bull's Max Verstappen is seen through cherry blossoms during practice. (Reuters)
Formula One F1 - Japanese Grand Prix - Suzuka Circuit, Suzuka, Japan - April 4, 2025 Red Bull's Max Verstappen is seen through cherry blossoms during practice. (Reuters)

Japan's famed cherry trees are getting old, but a new AI tool that assesses photos of the delicate pink and white flowers could help preserve them for future generations.

The "sakura" season is feverishly anticipated by locals and visitors alike, with the profusion of the stunning blossoms marking the start of spring.

But many of the trees are reaching 70 to 80 years old, well beyond their prime blooming age.

This means increasing costs to tend to the trees and maintain popular flowering spots.

To help authorities identify ailing specimens, brewing giant Kirin developed a tool called Sakura AI Camera.

It tells users the condition and the age of the trees based on photos they take with their smartphones and upload them to a website.

A five-point scale -- only available in Japanese for now -- ranges from "very healthy" to "worrying".

A tree with healthy flowers blooming densely all the way to the tips of the branches gets top marks.

The artificial intelligence tool has been trained using 5,000 images of cherry trees with the help of experts.

The photos are then mapped on the Sakura AI Camera website with details such as tree condition and location.

"We heard that the preservation of sakura requires manpower and money and that it's difficult to gather information," Risa Shioda from Kirin told AFP.

"I think we can contribute by making it easier to plan for conservation," she said.

About 20,000 photos have been collected since the launch last month, with the data available online for free for local authorities.

- Worth a million -

According to Tokyo's Meguro Ward, famous for its riverbanks lined with cherry trees, replanting a new one costs around one million yen ($6,800).

Hiroyuki Wada of the Japan Tree Doctors Association, who inspects cherry trees in major spots in Tokyo, helped supervise the AI tool.

He said he hopes that it will help experts study the environmental reasons behind the degradation of some of the trees he sees.

In part, he blames climate change.

"I'm very worried. Changes in the environment are usually gradual, but now it's visible," he told AFP.

"There are impacts from the heat, and of course the lack of rainfall," he said.

"The age of the trees naturally makes the situation more serious," he added.

Japan's weather agency said in January that last year was the hottest since records began, like other nations.

Kirin began donating some of its profits for the preservation of cherry trees last year, as a way to "pay back" to the communities.

Cherry blossoms symbolize the fragility of life in Japanese culture as full blooms only last about a week before the petals start falling off trees.

The season is also considered one of change as it marks the start of the new business year, with many university graduates starting their first full-time jobs and older colleagues shifting to new positions.