Sales at Taiwan’s Apple supplier Hon Hai flat in September

TAIPEI: Sales at Hon Hai Precision Industry, known by its trade name Foxconn and as a key supplier of Apple Inc’s products, rose by 0.5% rise in September.

The world’s largest contract electronics manufacturer reported revenues of T$587.79 billion ($19 billion) in September, up from T$584.93 billion from a year earlier, it said in a filing to the Taiwan stock exchange.

Although only a slight yearly increase, the monthly revenue figure was the company’s highest for September.

Taipei-based Foxconn, which manufactures the bulk of Apple’s iPhones in China for sale in the United States, faces challenging quarters ahead as Washington plans to impose additional tariffs on Chinese imports, including smartphones.