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Major Apple assembler Foxconn raises Q4 outlook on strong year-end holiday sales

Tuesday December 5, 2023. 05:00 PM , from Mac Daily News
The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry, is displayed at its headquarters in Taipei. Photo: Agence France-Presse
Taiwan’s Foxconn, the world’s largest contract electronics maker and a major Apple assembler, on Tuesday raised its outlook for the fourth quarter on strong year-end sales for the peak Christmas shopping season.
Reuters:


The fourth quarter is traditionally the hot season for Taiwan’s tech companies as they race to supply smartphones, tablets and other electronics to major vendors such as Apple for the year-end holiday period in Western markets.
Foxconn said in a statement that with the second half of the year being the traditional peak season for the tech industry, revenue performance in the first two months of the fourth quarter had been slightly higher than expected.
“Therefore, the outlook for the fourth quarter should be better than the original guidance for ‘significant growth'”, the company added, without elaborating.
The company is the Apple’s biggest iPhone assembler.


MacDailyNews Take: Boding well for Apple shareholders.

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The post Major Apple assembler Foxconn raises Q4 outlook on strong year-end holiday sales appeared first on MacDailyNews.
https://macdailynews.com/2023/12/05/major-apple-assembler-foxconn-raises-q4-outlook-on-strong-year-e...

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