Foxconn beats estimates with record third-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 third quarter on strong demand for artificial intelligence (AI) servers. Revenue for Apple's biggest iPhone assembler jumped 20.2 per cent year on year to T$1.85 trillion ($57.3 billion). "The result exceeded the company's original expectations of significant growth," Foxconn said in a statement on Saturday. It was also ahead of a T$1.79 trillion LSEG
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