Foxconn’s profits drop as iPhone sales falter, but AI boom offers hope

Quick Summary:

The Taiwanese company reported a 13 per cent fall in net income, worse than analysts’ estimates for a 2 per cent gain.

Hon Hai, which ships electronics to the rest of the world from giant production bases in China, is also grappling with uncertainty surrounding US tariffs in 2025.

Hon Hai, also known as Foxconn, in January revealed a deceleration in December-quarter sales.

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Article Details

Author / Journalist: Bloomberg

Category: Technology

Markets: Hong KongChinaTaiwan

Topics: Reported Server Estimates Nvidia Assembler Servers Chinese Cent Major Production Sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-14 @ 15:48:49 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 191 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26982123

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Official Website: scmp.com

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Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 6 hours ago

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