Tag: $Foxconn

Apple supplier Foxconn said on Tuesday it remained confident about strong AI server demand this year driving revenue, and pledged to stand by Japan’s Sharp after taking a large, profit-impacting writedown last year.

Apple iPhone manufacturer Foxconn on Friday posted a dip of 9.6% in revenue for the first quarter of 2024, compared to the same period last year.

Shares of Apple suppliers fall in Asia on Wednesday after Barclays downgraded Apple on concerns of demand weakness.

On Tuesday, Foxconn reported third-quarter profit rose 11.27% from a year ago, beating analysts’ expectations despite an ongoing consumer electronics slump.

Foxconn , which makes Apple  iPhones, reported a decline in profits in the second quarter, but still managed to beat expectations.

BEIJING/SHANGHAI, July 10 (Reuters) – China’s passenger vehicle sales fell in June, data from the China Passenger Car Association (CPCA) showed on Monday, as a stumbling economic recovery led to more consumer caution on big-ticket spending.