Major Apple supplier Foxconn expected to report strong Q3 results on AI boom
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Foxconn, a major supplier for Apple, is anticipated to report a 7% year-on-year increase in third-quarter profits due to strong demand for AI servers.
November 13, 2024 | 11:30 pm
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Apple's major supplier, Foxconn, is expected to report a 7% increase in Q3 profits, driven by AI server demand, which could indicate strong performance in Apple's supply chain.
Foxconn's strong performance suggests a robust supply chain for Apple, potentially benefiting Apple's operations and stock price. The demand for AI servers indicates a growing market that Apple could capitalize on.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70