Life gets better if you work for Apple.
According to information Reuters, Foxconn decided to break the downward trend in semiconductor revenue forecasts that has dominated the market these months, saying that sales of smartphones and server systems have been generating ever-increasing revenue since the beginning of this year. In the third quarter, the profile indicator should increase significantly year-on-year, and June generally showed a monthly record with revenue growth of 31%.
Image Source: Foxconn
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If earlier Foxconn’s management did not expect revenue growth for the current year, now it is counting on it. However, the specifics of the company’s activities are closely related to the demand for Apple products, and it is definitely growing right now, as the last of the companies is preparing for the autumn debut of new-generation iPhone smartphones. It is unlikely that the prospects for changes in financial indicators for other contract manufacturers will be as rosy as for Foxconn.
