Apple supplier Foxconn's Q3 profit rises 14%, beats forecasts
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Foxconn, a key supplier for Apple, reported a 14% increase in third-quarter net profit, surpassing forecasts. This growth was primarily driven by strong demand for AI servers.
November 14, 2024 | 6:45 am
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Apple's supplier, Foxconn, reported a 14% increase in Q3 profit, driven by strong AI server demand. This positive performance could reflect well on Apple, as it indicates robust supply chain health and potential growth in AI-related products.
Foxconn's strong earnings suggest a healthy supply chain for Apple, which could positively impact Apple's operations and stock. The demand for AI servers also hints at potential growth in Apple's AI-related products.
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