Apple partner Foxconn says August revenue drops 8%, forecasts stronger Q3
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Apple (NASDAQ:AAPL) manufacturing partner Foxconn said on Tuesday that August revenue dipped from a year-ago but that it expected third-quarter revenue to be stronger than the average of the past two years, aided by a ramp in new products.
Foxconn, formally known as Hon Hai Precision (OTCPK:HNHPF), said August revenue came in at T$412.83B, or $12.93B, down 8% year-over-year and 12% from July. 
In the company's smart consumer electronics products category, which encompasses Apple's iPhones, Foxconn said that revenue fell month-over-month because of "customersâ increasing pull-in."
Other areas were mixed, as components saw "significant" growth, while computing products and cloud and networking products were "flattish."
However, the contract electronics manufacturer said it expects a return to growth for the rest of the third-quarter.
"With the second half of the year peak season currently underway, operations will gradually ramp up," Foxconn said in the statement. "The outlook for the third quarter, which will be better than the second quarter, is expected to increase at an on-quarter pace higher than the average level of the previous two years."
Apple (AAPL) is slated to host its annual product event on September 12, where it is widely expected to show off the iPhone 15, new versions of the Apple Watch and more.

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