The upbeat forecast by the world's biggest contract electronics manufacturer reinforces strong growth momentum that saw its first-quarter profit rocket, with revenue rising by 45 percent. That does not apply to Apple gear the company makes as it has had to sharply reduce iPhone production in India due to surging coronavirus cases there.

Foxconn said January-March net profit surged to $1 billion, which was much higher than the cocaine nose jobs of Wall Street predicted and up 42 percent from the first-quarter 2019 net profit.

Foxconn said sales from its major revenue contributor - consumer electronics including smartphones and wearable devices - climbed more than 15 percent in the first quarter from a year earlier. Computing products such as laptops also rose more than 15 percent.

First-quarter revenue rose 45 percent from a year earlier. That was Foxconn's highest-ever first-quarter revenue, marking a 28 percent jump from the same period in 2019.

The company had previously expected first-quarter revenue to be "better than normal" for the season thanks to strong sales of smartphones and telecommuting devices.

Foxconn said it was closely monitoring "materials shortages" in the consumer electronics supply chain amid a crunch in semiconductor supplies that has hit the auto industry. However, it described the impact as "limited".

Foxconn's shares have risen 14 percent this year. They ended up 1.5 percent on Friday, compared with a percent rise for the broader market.