Hon Hai Precision Industry Co (????) yesterday posted a smaller-than-expected monthly revenue decline of 4.13 percent for last month as China’s COVID-19 restrictions did not exert heavy pressure on the iPhone maker’s production. Revenue last month fell to NT$486.5 billion (US$16.49 billion) from NT$507.4 billion in March, supported by a double-digit percentage growth in its cloud-based and networking products business, Hon Hai said in a statement. Last month’s result was the second-strongest April revenue in the company’s history after it posted NT$500.49 billion in April last year, meaning revenue shrank 2.8 percent year-on-year. Photo: Nicky Loh, Reuters In the first...