Foxconn's revenue in January 2021 reached a record high of T$660.4 billion ($22 billion), showing a YoY jump of 48.2% as the company recovered from COVID-19 disruptions in China.
Foxconn is a major iPhone assembler for Apple and analysts say it assembles around 70% of iPhones.
Operations at its Zhengzhou campus in China, which is a center for iPhone production, returned to normal and shipments increased.
Taiwan's Foxconn, the world's largest contract electronics maker and a major iPhone assembler for Apple, reported a 48.2% YoY jump in revenue in January 2021.
The company's revenue reached a record high of T$660.4 billion ($22 billion) with shipments increasing at its Zhengzhou campus in China, a center for iPhone production.
Smart consumer electronic products and computing products also showed strong double-digit growth.
This surge in revenue comes as Foxconn's production of iPhones faced disruption after COVID-19 prompted thousands of workers to leave its factory lines in Zhengzhou.
However, the company is now recovering as operations at its Zhengzhou campus return to normal.
While some analysts predict that this strong revenue growth will be sustained through 2021, others warn that challenges still loom ahead.
As Foxconn is a major assembler for Apple, its success is closely tied to Apple's product cycles, which can be unpredictable.