Taiwan’s Foxconn Corporation, the world’s largest contract electronics manufacturer and Apple’s main iPhone assembly partner, reported record revenue for October, exceeding $25 billion. This is 8.59% more than in the same period last year.
Image source: honhai.com
Foxconn, the world’s leading contract electronics manufacturer and a key partner of Apple, reported October revenue of $25.2 billion, the highest monthly level in the company’s history. This demonstrates the strong position of the Taiwanese corporation against the backdrop of global economic challenges.
As one of Apple’s most important partners, Foxconn plays a key role in assembling iPhone smartphones, which are one of its main sources of income. Achievements such as strong October revenue reflect strong demand for Apple products.
The company’s forecasts for the fourth quarter also look very optimistic. Foxconn expects revenue growth both quarter-on-quarter and year-over-year, indicating the potential to further strengthen its position in the global market. At the same time, the company, although it calls its expectations positive, does not disclose details that could specify the reasons for future growth.
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