earnings_reports

📰 Foxconn profit surges 34%, but Apple is no longer its biggest story
Foxconn reported a 34% rise in third-quarter profit on Thursday, beating expectations as booming demand for artificial intelligence servers increasingly reshapes the Taiwanese company's business beyond assembling Apple iPhones. Net profit climbed to NT$77.5 billion ($2.35 billion) from NT$57.7 billion a year earlier, above the NT$69.6 billion forecast by analysts surveyed by LSEG. Revenue jumped 47% to approximately NT$3.03 trillion. The results underline a remarkable change at one of the world's biggest electronics manufacturers. AI infrastructure has become a larger revenue contributor than consumer devices, although the expansion is raising fresh questions about margins, competition and how long cloud providers can sustain their spending. Foxconn earnings: AI servers overtake the iPhone story Foxconn remains Apple's leading iPhone assembler, but its…
Source : Invezz
Time : 2026-11-12 07:26:49
Credit : devesh kumar
#earnings_reports #stock_market

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📰 Foxconn profit surges 34%, but Apple is no longer its biggest story
Foxconn reported a 34% rise in third-quarter profit on Thursday, beating expectations as booming demand for artificial intelligence servers increasingly reshapes the Taiwanese company's business beyond assembling Apple iPhones. Net profit climbed to NT$77.5 billion ($2.35 billion) from NT$57.7 billion a year earlier, above the NT$69.6 billion forecast by analysts surveyed by LSEG. Revenue jumped 47% to approximately NT$3.03 trillion. The results underline a remarkable change at one of the world's biggest electronics manufacturers. AI infrastructure has become a larger revenue contributor than consumer devices, although the expansion is raising fresh questions about margins, competition and how long cloud providers can sustain their spending. Foxconn earnings: AI servers overtake the iPhone story Foxconn remains Apple's leading iPhone assembler, but its…
Source : Invezz
Time : 2026-11-12 07:26:49
Credit : devesh kumar
#earnings_reports #stock_market

Share your opinion in the comment section below