Foxconn 'cautiously optimistic' about iPhone 14-driven revenue

Foxconn set new records for sales in September, making Apple's main assembly partner 'cautiously optimistic' ahead of its fourth-quarter results.Following the launch of the iPhone 14 September, Apple's supply chain members are anticipated to be buoyed by high seasonal sales of the smartphone range It seems that major assembly firm Foxconn is going to feel the effect, despite a backdrop of a dour global economy.In a statement seen by Reuters, Foxconn is 'cautiously optimistic' about the last three months of 2022, a period that typically benefits from iPhones sales. However, it warned 'the dynamics of inflation, the pandemic, and the supply chain still need to be closely monitored.' Read more...