Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Apple supplier Foxconn upbeat on AI demand, stands by Sharp following writedown https://t.co/1farBiZ5hS https://t.co/a8AZBpg0By
Apple supplier Foxconn reported a 72% rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base from the same period a year earlier, but the growth was lower than expected https://t.co/EeXu7tJQdi https://t.co/AYcj1uEBv3
📽️ WATCH - FOXCONN UPBEAT ON AI DEMAND, STANDS BY SHARP FOLLOWING WRITEDOWN Apple supplier Foxconn reported a 72% rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base from the same period a year earlier, but the growth was lower than… https://t.co/lFnG4jWiSB
Apple supplier Foxconn reported a 72% rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base from the same period a year earlier. Despite the significant profit increase, the growth was lower than expected and missed forecasts. Foxconn's Q1 revenue fell 9% year-over-year to approximately $40.9 billion, with net profit reaching around $679 million. Consumer electronics accounted for 48% of its revenue, while cloud services contributed 28%.
