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Taiwan's Foxconn reports forecast-beating 19% jump in Q1 profit on AI demand
Summary by Business Times
3 Articles
3 Articles
Cloud and network products, including AI servers, accounted for almost half of total revenue in the three months closed in March
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Apple assembler Foxconn reports forecast-beating 19% jump in Q1 profit
The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry, is displayed at its headquarters in Taipei. Photo: Agence France-Presse Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s top iPhone assembler, reported on Thursday a 19% rise in first-quarter profit from a year earlier, beating expectations thanks to strong global demand for AI products. The company’s …
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Total News Sources3
Leaning Left0Leaning Right1Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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