Foxconn Electronics (Hon Hai Precision industry) on August 8 reported consolidated revenues of NT$260.218 billion (US$8.66 billion) for July, the lowest monthly level since March 2013 and decreasing 17.91% on month and 13.33% on year.

The revenue drop was mainly due to decreased shipments of consumer electronics, the company said. This was because assembly of new products involved more complicated processes and large-scale volume production has not yet been achieved, according to market analysts.

In addition, in July Foxconn adjusted its production lines and production capacities in order to increase yield rates and efficiency of equipment utilization, and production of existing products at different production lines at factories took time to reach optimal operation and thus output decreased, the sources said.

The consolidated revenues of NT$2.023 trillion for January-July rose 0.82% on year, Foxconn indicated.