TAIPEI, July 5 Reuters Taiwan39;s Foxconn, a major iPhone assembler for Apple Inc, said on Wednesday that second quarter revenue dropped 13.8 yearonyear but the outlook for the third quarter was brighter ahead of peak shopping season at the end of the year.

Foxconn, formally called Hon Hai Precision Industry Co Ltd and the world39;s largest contract electronics maker, said revenue in the AprilJune period reached T1.3 trillion 41.76 billion, in line with its expectations.

For smart consumer electronics products, which include smartphones and are the company39;s main business driver, revenue in the second quarter dropped, coming off a higher base in the year ago period, it said in a statement without giving details.

For the month of June, sales fell 19.7 yearonyear, though at T422.8 billion it was still the second highest figure on record for the same period.

With the second half of the year peak season currently underway, operations will gradually ramp up, the company said.

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 seen in the previous two years, it said.

When compared to the prepandemic period, the growth rate is expected to be approximately on par.

The first half of the year is traditionally slower for Taiwan tech manufacturers as major electronics vendors including Apple launch new products near the yearend holiday season.

Foxconn reports its second quarter…