In 2017, Foxconn Technology Group achieved revenue of 158.15 billion U.S. dollars.

From Statista
Quote in SaaS & Tech Growth Strategy

Trading as Foxconn Technology Group, Hon Hai Precision Industry Co., Ltd. is the world’s largest contract electronics manufacturer. In 2012, reports suggested that the company’s factories produced approximately 40 percent of all consumer electronics, for customers such as Apple, Dell, Amazon, Hewlett Packard, and Sony. The company currently employs well over a million people worldwide and was, in fact, one of the world’s largest employers in 2015.

Foxconn’s factories are distributed around the world, although the majority of its workforce is based in mainland China. Foxconn’s largest factory sits in Longhua Town, Shenzhen, China, where -according to some estimates – it employs between 200 and 500 thousand people. The company also has factories in Japan, India, and Malaysia, several central and eastern European countries, Brazil, and Mexico. While there have been plans to build a factory within the United States, these plans are as yet unrealized.

Despite building electronics products for many companies, Foxconn is often thought of as having particularly strong ties with Apple. Indeed, as seen in the statistic, Foxconn’s revenues are substantial and the company’s present-day success must be at least partially attributed to the success of and demand for Apple’s consumer products, such as the iPhone, iPad, and iPod. Foxconn’s revenues are such that, in 2013, the company generated around 4,000 U.S. dollars in revenue every second. In 2015, this number is closer to 4,300 U.S. dollars per second. Foxconn’s net income has increased steadily, year on year, and in 2015 was close to breaking 5 billion U.S. dollars.

More Tech Services Stats

As companies scale their growth engines, a slightly-above-average churn rate becomes harder and harder to offset with net new revenue growth, especially when the goal is to outpace it by 4x

A 2017 SaaS Capital survey showed that young companies actually have higher retention rates than more mature SaaS businesses

If your Net Revenue Churn is high (above 2% per month) it is an indicator that there is something wrong in your business

Because of the losses in the early days, which get bigger the more successful the company is at acquiring customers, it is much harder for management and investors to figure out whether a SaaS business is financially viable.

The median annual unit churn for SAAS companies was 10% in 2016

The best SaaS companies achieve 5-7% annual revenue churn – equivalent to a loss of $1 out of every $200 each month

The fastest growing SaaS companies scale their organizations rapidly, growing their teams by an average of 56% each year

Japanese company Hitachi accounted for three percent of the world’s market for diagnostic imaging in 2017.

Investment in marketing automation tools is expected to reach $25 billion by the year 2023

Account Churn Rate (ACR) = customers at beginning of month – customers at the end of month / customers at beginning of month

More SaaS & Tech Growth Strategy Stats

The median SaaS business loses about 10% of its revenue to churn each year and that works out to about 0.83% revenue churn a month

Revenue Renewal Rate= (MRR up for the renewal at beginning of month- MRR not renewed at the end of month)/ MRR up for renewal at beginning of month)

The fastest growing SaaS companies scale their organizations rapidly, growing their teams by an average of 56% each year

SaaS companies in the $7.5MM-$15MM range are among the fastest growers

Getting paid in advance is really smart idea if you can do it without impacting bookings, as it can provide the cash flow that you need to cover your cash problem

Internet Sales strategies have a significantly lower CAC of just $0.42

How to Reduce Churn

At Twitter, 10 percent of tech roles are staffed by women

Companies with longer contracts (2+ years) reported the lowest annual unit churn

In 2018, the U.S. imported aerospace products worth about 53.98 billion U.S. dollars.