Foxconn’s sales surge on Apple product demand as AI growth slows

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

Foxconn, a major assembler of Apple products, reported a 3.47% year-over-year increase in November sales, reaching NT$656.59 billion ($20.87 billion). This growth was primarily driven by strong sales in the Computing Products category, which benefited from the launch of new Apple products.

GuruFocus:
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Driven by ongoing demand for artificial intelligence servers, the company’s Cloud and Networking Products division also helped to support the performance. But month-over-month income in this category dropped, linked in part to a phase of product transition…

[T]he supplier said the fourth quarter is usually a high season for the sector and expects significant sequential and annual growth. Foxconn had said that third-quarter income had increased 20% year over year and named 2025 as a crucial “AI Year.”

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MacDailyNews Take: The quicker Apple Intelligence features are released, and in more countries, the better sales will be for both Apple and Foxconn.

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