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Apple provider Foxconn’s Q3 revenue rises 11%, a lot better than forecasts

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Apple provider Foxconn’s Q3 revenue rises 11%, a lot better than forecasts

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The Taiwanese firm, the world’s largest contract electronics maker, mentioned internet revenue for the July-September quarter rose to T$43.1 billion.

Foxconn | Foxconn Apple | Foxconn profitThe revenue beat a T$34.5 billion LSEG SmartEstimate. (File Photo)

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Apple Inc provider Foxconn reported on Tuesday a shock 11% rise in third-quarter revenue.

The Taiwanese firm, the world’s largest contract electronics maker, mentioned internet revenue for the July-September quarter rose to T$43.1 billion ($1.3 billion) from T$38.8 billion in the identical interval the earlier yr.

The revenue beat a T$34.5 billion LSEG SmartEstimate, which supplies better weight to forecasts from analysts who’re extra constantly correct.

First revealed on: 14-11-2023 at 12:12 IST


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