Foxconn beats estimates with record fourth-quarter revenue on AI demand
Taiwan
TAIPEI: Taiwan's Foxconn, the world's largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial intelligence (AI) servers. Revenue for Apple's biggest iPhone assembler jumped 15.2 per cent to NT$2.13 trillion US($64.72 billion), Foxconn said in a statement on Sunday (Jan 5). It was also ahead of a NT$2.1 trillion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more
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