Taiwan's Foxconn , the world's largest contract electronics maker and Apple's biggest iPhone assembler, reported on Monday that its January revenue rose 3.16% on year.

Foxconn (SS:601138), the world's leading contract electronics manufacturer and Apple (NASDAQ:AAPL)'s principal iPhone assembler based in Taiwan, announced on Monday a year-on-year increase of 3.16% in its revenue for January.

January revenue rose 3.16% year-over-year, and the company expects strong growth in Q1 versus the year ago period.

Foxconn said it sees strong growth in the first quarter, compared with the year-ago period, adding that it has better visibility for the first quarter than it did a month ago.