Amid trade wars and uneven global economic conditions, 2018 was a solid year for electronics manufacturing services. We estimate worldwide revenue for EMS firms and ODMs increased about 7% year-over-year, reaching about $504 billion. As always, there were definite winners and losers in the mix. The top 10 companies totaled about $340 billion in revenue in 2018. That's down from our 2017 estimate, with some caveats. This year, we tried to correct for Foxconn's non-EMS revenue (not an easy task). Also, currency fluctuations took their toll: The US greenback rose 6% against the Taiwanese dollar, which knocked billions in paper sales off the companies that report in that currency. In fact, the stronger dollar was a drag on the converted sales of most of the firms that report in their native currency (TABLE 1).
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