Taiwan tech giant Foxconn's 2024 profit misses forecasts
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Foxconn, a major Taiwanese tech company, reported lower-than-expected net profit for 2024 due to underperformance in consumer electronic gadgets, despite strong demand for AI servers.
March 14, 2025 | 8:30 am
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Foxconn's 2024 net profit was below forecasts due to weak consumer electronics performance, though AI server demand was strong.
The lower-than-expected profit is likely to negatively impact Foxconn's stock price in the short term. The underperformance in consumer electronics, a significant part of their business, outweighs the positive impact of strong AI server demand.
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