💨 Abstract

Foxconn, the world's largest contract electronics manufacturer and Apple supplier, reported a 14% increase in third-quarter net profit, reaching T$49.3 billion ($1.5 billion). This growth was attributed to strong AI server demand, surpassing analysts' average estimate of T$46.3 billion. The profit rise was from T$43.1 billion in the same period the previous year.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖