Apple supplier Foxconn posts 9% fall in first-quarter revenue, sees growth ahead
Publishing timestamp: 2024-04-05 10:13:05
Summary
Foxconn's first-quarter revenue dipped 9.6% compared to last year, but the company still expects growth in the second quarter despite it being the off-peak season for smartphone parts manufacturers. Foxconn's cloud and networking products saw significant growth, and the company is increasingly seen as a beneficiary of the AI trend.
Sentiment: NEUTRAL
Keywords: technology, apple inc, earnings, hon hai precision industry co ltd, nvidia corp, business news, breaking news: technology,