Foxconn raises Q4 outlook on strong year-end holiday sales

— Reuters

TAIPEI: Taiwan's Foxconn, the world's largest contract electronics maker and a major Apple supplier, on Tuesday raised its outlook for the fourth quarter on strong year-end sales for the holiday peak season.

The fourth quarter is traditionally the hot season for Taiwan's tech companies as they race to supply smartphones, tablets and other electronics to major vendors such as Apple for the year-end holiday period in Western markets.