Foxconn reports record Q2 revenue, cautions about geopolitical and exchange rate risks


Foxconn's logo is pictured on a Foxtron Model T eBus during an organized media visit to the company’s headquarters, in New Taipei City, Taiwan December 22, 2022. REUTERS/Annabelle Chih/File Photo

TAIPEI (Reuters) -Taiwan's Foxconn, the world's largest contract electronics maker, reported record second-quarter revenue on strong demand for artificial intelligence products but cautioned about geopolitical and exchange rate headwinds.

Revenue for Apple's biggest iPhone assembler jumped 15.82% year-on-year to T$1.797 trillion, Foxconn said in a statement on Saturday, beating the T$1.7896 trillion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate.

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