Foxconn beats estimates with record 4Q revenue


A Foxconn electric twowheeler powertrain system is displayed at Foxconn’s annual tech day in Taipei

TAIPEI: Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial intelligence (AI) servers.

Revenue for Apple’s biggest iPhone assembler jumped 15.2% to 2.13 trillion Taiwanese dollars or about US$64.72bil, Foxconn said in a statement last Sunday.

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Foxconn , AI , electronics , iPhone

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