Foxconn reported record revenue for September on the back of strong demand for Apple’s iPhone 14, but said it is “cautiously positive” for the fourth quarter.
That massive revenue growth was driven by a"new product launch and smooth mass production" as well as strong performance of its smart consumer electronics products division, which includes its key smartphone business. Foxconn does not name its customers, including Apple, in its earnings releases.
Neil Shah, a partner at Counterpoint Research, said Foxconn's record revenue came on the back of"storming demand" for the higher pricedWhile Foxconn maintained its full-year outlook, the company said Tuesday it is"cautiously positive" on the outlook for the fourth quarter.
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