Apple manufacturing partner Foxconn reports July sales decline, expects Q3 increase
Daniel Berehulak/Getty Images News
Apple (NASDAQ:AAPL) manufacturing partner Foxconn said on Saturday that revenue declined 1.23% year-over-year in July, though it expects third-quarter sales to rise sequentially and be higher than the average level of the past two years.
Formally known as Hon Hai Precision (OTCPK:HNHPF), Foxconn said July revenue came in at T$469.23B, or $14.82B, aided by "double-digit growth" in cloud and networking products and smart consumer electronics products. 
Components and other products rose single-digits, while computing products performance was "flattish" month-over-month.
However, Foxconn said that continued weakness in the PC market resulted in a slight decline year-over-year for computing products.
Looking to the third-quarter, Foxconn said operations will "gradually ramp up" and the outlook for the period will be better than the second-quarter and "is expected to increase at an on-quarter pace higher than the average level of the previous two years." 
Apple (AAPL) is widely expected to unveil its iPhone 15 in September, with the product slated to go on sale in the latter part of the month.
More on Foxconn

Foxconn to spend $600M in India for iPhone parts, chip-making machinery - report
Foxconn mulls team up with Taiwan Semiconductor, TMH to make chips in India
Foxconn EV unit sees India, Thailand as targets for new small car