Apple iPhone maker Foxconn set to see Q3 profits increase
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Foxconn, a major supplier for Apple, is expected to report a 7% increase in Q3 profits, driven by demand growth in artificial intelligence.
November 14, 2024 | 9:30 am
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Apple's supplier, Foxconn, is expected to report a 7% increase in Q3 profits, indicating strong demand for Apple's products and potential positive impact on Apple's supply chain.
Foxconn's increased profits suggest strong demand for Apple's products, which could positively impact Apple's supply chain and sales outlook. This is likely to have a positive short-term effect on Apple's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70