Robert Besser
14 Feb 2025, 10:24 GMT+10
TAIPEI, Taiwan: Foxconn, the world's largest contract electronics manufacturer and Apple's top iPhone assembler reported a 3.16 percent year-on-year increase in January revenue, with expectations of strong growth in the first quarter.
The Taiwan-based company, formally known as Hon Hai Precision Industry Co., said its outlook for the first quarter has improved compared to a month ago, giving it better visibility into market demand.
Foxconn's performance is closely watched as an indicator of global electronics demand, particularly for Apple products and other major consumer electronics.
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