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Hon Hai Precision Industry

Apple supplier Foxconn sees revenue rising as AI server demand nudges profit up

by Anas Siddiqui
Apple supplier Foxconn sees revenue rising as AI server demand nudges profit up

Apple’s main contract manufacturing partner, Foxconn Technology Group, said it expects revenue to grow in the current quarter and for the rest of year, after reporting a profit rise boosted …

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Foxconn finally hits 8-year stock target set out by billionaire founder Terry Gou

by Anas Siddiqui
Foxconn finally hits 8-year stock target set out by billionaire founder Terry Gou

Annual general meetings (AGMs) in past years had featured shareholders asking Gou when his famous target would be attained. This year’s AGM showed how the company has evolved in new …

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Apple supplier Foxconn misses March quarter estimates amid iPhone sales downturn in China

by Anas Siddiqui
Apple supplier Foxconn misses March quarter estimates amid iPhone sales downturn in China

The world’s largest electronics contract manufacturer reported a net profit of NT$22 billion (US$679 million) in the first quarter. While that was up more than 70 per cent, it missed …

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Foxconn sees record April sales with 19% jump, offers positive Q2 outlook despite ‘off-peak season’

by Anas Siddiqui
Foxconn sees record April sales with 19% jump, offers positive Q2 outlook despite ‘off-peak season’

Taiwan’s Foxconn, the world’s largest contract electronics maker and the biggest assembler of Apple’s iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for …

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Apple supplier Foxconn reiterates second-quarter revenue growth, posts record April sales

by Anas Siddiqui
Apple supplier Foxconn reiterates second-quarter revenue growth, posts record April sales

Taiwan’s Foxconn Technology Group, the world’s largest electronics contract manufacturer and the biggest assembler of Apple’s iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record …

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China’s Henan province sees drop in smartphone exports as Apple diversifies manufacturing supply chain outside the mainland

by Anas Siddiqui
China’s Henan province sees drop in smartphone exports as Apple diversifies manufacturing supply chain outside the mainland

According to data released by Zhengzhou’s local customs authority, Henan’s smartphone exports totalled 6.65 million units in the first quarter, down 60.1 per cent from the same period last year. …

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iPhone maker Foxconn considers rotating CEOs in management reshuffle similar to Huawei, sources say

by Anas Siddiqui
iPhone maker Foxconn considers rotating CEOs in management reshuffle similar to Huawei, sources say

Apple supplier Foxconn is considering introducing a rotating chief executive system in a major overhaul of its management structure designed to nurture future talent, three sources briefed on the matter …

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Foxconn expects big revenue jump in 2024 after slow start to the year amid booming AI demand

by Anas Siddiqui
Foxconn expects big revenue jump in 2024 after slow start to the year amid booming AI demand

Apple supplier Foxconn Technology Group said on Thursday it expects revenue to increase significantly in 2024 following a slow start to the year amid booming demand for artificial intelligence (AI) servers, …

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Apple supplier Foxconn sees revenue decline in first quarter of 2024 amid weak global consumer electronics demand, sluggish iPhone sales

by Anas Siddiqui
Apple supplier Foxconn sees revenue decline in first quarter of 2024 amid weak global consumer electronics demand, sluggish iPhone sales

Foxconn Technology Group, the world’s biggest iPhone assembler, expects revenue to decline in the first quarter of 2024 amid weak global consumer electronics demand, extending a decrease in sales in …

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Apple supplier Luxshare to take control of key iPhone plant in eastern China via US$300 million deal with Taiwan’s Pegatron

by Anas Siddiqui
Apple supplier Luxshare to take control of key iPhone plant in eastern China via US0 million deal with Taiwan’s Pegatron

Apple’s key Chinese manufacturing partner Luxshare Precision Industry Co is set to gain control of an iPhone assembly site run by a Taiwanese rival, as the US tech giant fosters …

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