Sign Up
Stories
Foxconn Surprises with 11% Profit Increase Despite Slump
Share
Foxconn Exits Semiconductor Joint Ventur...
Foxconn's Q3 Profit Surges Amidst Consum...
Market Surges and Apple's AI Focus
African Business Dynamics Unveiled
Alibaba's Q4 Earnings and Buyback Progra...
Apple Expands Chinese Supplier Network
Overview
API
Foxconn, the world's largest contract electronics maker, reported a surprise 11% increase in third-quarter profit despite a consumer electronics slump. The company expects a business rebound in the third quarter, with revenue reaching T$469.23 billion ($14.82 billion) in July, up nearly 11% from June. The growth was driven by increasing demand for smart consumer electronics products, including smartphones.
Ask a question
How did Foxconn manage to beat analysts' expectations despite the consumer electronics slump?
What are Foxconn's plans for expanding its manufacturing presence in India?
What factors contributed to the decline in revenue for computing products?
Article Frequency
0.2
0.4
0.6
0.8
1.0
May 2023
Jul 2023
Sep 2023
Nov 2023
Coverage