Major Apple supplier Foxconn expected to report strong Q3 results on AI boom

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TAIPEI : Taiwan's Foxconn, the world's largest contract electronics maker, is expected to report on Thursday that third-quarter profit rose 7 per cent year-on-year on robust demand for artificial intelligence servers.

It would also mark a fifth consecutive quarter of profit growth.

That would represent a 7.4 per cent increase from the same period a year ago.

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Article Details

Category: EconomyBusiness

Markets: SingaporeMexicoTaiwan

Topics: Month October 2024 Cent Taipei Building Taiwan Revenue Year Foxconn Profit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 07:04:31 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 338 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 23577421

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 65 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #27

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