iPhone manufacturer Foxconn beats Street estimates in Q4; Net profit climbs 33% YoY on strong AI demand
1 year ago

iPhone manufacturer Foxconn beats Street estimates in Q4; Net profit climbs 33% YoY on strong AI demand

Live Mint  

iPhone manufacturer Foxconn announced its fourth quarter results on Thursday, March 14, reporting a 33 per cent year-on-year rise in net profit, driven by a strong demand for artificial intelligence servers and high sales the year-end peak season. The world’s largest contract electronics maker's Q4 net profit is the strongest YoY growth logged for a quarter since March 2021, according to news agency Reuters. Hon Hai Precision Industry Co -- better known as Foxconn internationally, reported lucrative AI hardware sales helped offset weakness in iPhone and electronics demand in the quarter-under-review. In the fourth quarter, consumer electronics including smartphones accounted for 58 per cent of Foxconn's revenue while cloud and networking products which include servers contributed 20 per cent.

Cent Quarter Ai Yoy Iphone Net Net Profit Manufacturer Foxconn  growth  net  manufacturer  foxconn  street  iphone  estimates  sales  profit  cent  yoy  servers  quarter  strong  electronics  ai  revenue  q4

History of this topic

Nvidia AI Server Maker Hon Hai Posts 25% Jump in Two-Month Sales
3 weeks, 1 day ago

Nvidia AI Server Maker Hon Hai Posts 25% Jump in Two-Month Sales

Live Mint  

-- Hon Hai Precision Industry Co. posted a 25% rise in revenue during the first two months of 2025, quickening from last year in a reflection of expanding demand for AI computing. Hon Hai, which ships electronics to the rest of the world from giant production bases in China, is grappling with uncertainty surrounding Trump-administration tariffs and the sustainability of …

Apple’s AI moment is still a ways off
1 month, 3 weeks ago

Apple’s AI moment is still a ways off

Live Mint  

Apple’s fiscal first-quarter report Thursday afternoon showed iPhone revenue falling nearly 1% from a year earlier to $69.1 billion for the period. That was below even the anemic 1.4% growth Wall Street had anticipated—and a notable slowdown from the 6% revenue growth Apple’s largest product line showed in the same period last year. Apple Chief Executive Tim Cook said on …

Apple’s iPhone sales during the holiday season slipped despite a highly anticipated AI rollout
Trending News
1 month, 3 weeks ago

Apple’s iPhone sales during the holiday season slipped despite a highly anticipated AI rollout

The Hindu  

Apple on Thursday disclosed its iPhone sales dipped slightly during the holiday-season quarter, signaling a sluggish start to the trendsetting company’s effort to catch up to the rest of Big Tech in the race to bring artificial intelligence to the masses. Apple’s iPhone year-over-year shipments in China declined nearly 10% in the most recent quarter, while native companies Huawei and …

Apple logs 'best quarter ever but iPhone sales dip despite AI rollout
1 month, 3 weeks ago

Apple logs 'best quarter ever but iPhone sales dip despite AI rollout

Hindustan Times  

Despite logging what its CEO called the “best quarter ever”, smartphone giant Apple's sales growth fell short of market expectations as iPhone sales dipped slightly during the holiday-season despite AI rollout. ‘Best quarter ever’ The company posted a profit of $36.3 billion, with CEO Tim Cook calling it “the best quarter ever.” Apple reported a record revenue of $124.3 billion …

Samsung Electronics posts 129.85% jump in Q4 operating profit
1 month, 3 weeks ago

Samsung Electronics posts 129.85% jump in Q4 operating profit

Live Mint  

Samsung Electronics said Friday its operating profits surged 129.85 percent year-on-year in the fourth quarter of 2024, but fell from the previous quarter as it struggled to meet demand for chips used in artificial intelligence servers. US tech giant Nvidia, whose semiconductors power the AI industry, has been relying on SK hynix, Samsung's South Korean rival, as its main supplier …

Apple shares rise over 3% after positive sales outlook signals iPhone recovery
1 month, 4 weeks ago

Apple shares rise over 3% after positive sales outlook signals iPhone recovery

Live Mint  

Apple executives on Thursday forecast relatively strong sales growth, a sign the company will recover from a dip in iPhone sales as it rolls out artificial intelligence features. Despite the AI rollout stumbles, Apple's overall sales and profits were boosted by stronger-than-expected sales in its fiscal first quarter of iPads and Macs, where new chips helped persuade customers to upgrade. …

Apple’s iPhone sales during the holiday season slipped despite a highly anticipated AI rollout
1 month, 3 weeks ago

Apple’s iPhone sales during the holiday season slipped despite a highly anticipated AI rollout

Associated Press  

SAN FRANCISCO — Apple on Thursday disclosed its iPhone sales dipped slightly during the holiday-season quarter, signaling a sluggish start to the trendsetting company’s effort to catch up to the rest of Big Tech in the race to bring artificial intelligence to the masses. Apple’s iPhone year-over-year shipments in China declined nearly 10% in the most recent quarter, while native …

Tata Technologies Q3 result: Net profit drops 1% YoY to ₹169 crore;
2 months ago

Tata Technologies Q3 result: Net profit drops 1% YoY to ₹169 crore;

Live Mint  

Tata Technologies Q3 result: Tata Technologies, on Tuesday, January 21, reported a nominal 1 per cent year-on-year drop in its consolidated net profit for the December quarter of the current financial year. Consolidated revenue from operations, however, for Q3FY25 rose 2.2 per cent YoY to ₹1,317.38 crore from ₹1,289.45 crore in the same quarter last year. The company's total expenses …

L&T Technology Services Q3 Results 2025: Profit Falls by 4.1% YOY
2 months, 1 week ago

L&T Technology Services Q3 Results 2025: Profit Falls by 4.1% YOY

Live Mint  

L&T Technology Services Q3 Results 2025:L&T Technology Services declared their Q3 results on 15 Jan, 2025. L&T Technology Services Q3 Results Operating income for the company was up by 8.82% quarter-on-quarter and showed a slight increase of 1.37% year-over-year. As of 16 Jan, 2025, L&T Technology Services has a market capitalization of ₹51,367 crore, with a 52-week high of ₹6000 …

Foxconn Q4: Chipmaker’s revenue hits $64.72 billion; beats estimates over high AI server demand
2 months, 3 weeks ago

Foxconn Q4: Chipmaker’s revenue hits $64.72 billion; beats estimates over high AI server demand

Live Mint  

Taiwanese giant Foxconn or Hon Hai Precision Industry Co., Ltd beat its revenue estimates for the fourth quarter. The company announced its highest-ever revenue record fueled by strong demand for artificial intelligence servers, reported the news agency Reuters on Sunday, January 5. The world's largest contract electronic maker's revenues surged 15.2 per cent to $64.72 billion, according to a company …

What's Driving Apple's Nearly $4-Trillion Market Valuation? Let's Take A Closer Look
3 months ago

What's Driving Apple's Nearly $4-Trillion Market Valuation? Let's Take A Closer Look

ABP News  

Apple, the Cupertino-based tech giant that brings iPhones and MacBooks, is on the verge of achieving a groundbreaking $4 trillion market valuation, driven by a surge in its stock price and growing optimism around its artificial intelligence initiatives, as reported by Forbes. Shares Soar, Closing In On Milestone Since November, under CEO Tim Cook, Apple's stock has climbed 16 per …

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence
3 months, 1 week ago

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence

Firstpost  

According to JPMorgan analyst Samik Chatterjee, the real AI windfall will come with the expected 2025 launch of the iPhone 17. He projects iPhone sales will rise from 230 million units this fiscal year to 251 million the following year Apple’s stock currently trades at 34 times its projected earnings over the next 12 months, making it one of the …

Broadcom stock jumps 21%, hits four-year high on AI boom to top $1 trillion market value for first time
3 months, 2 weeks ago

Broadcom stock jumps 21%, hits four-year high on AI boom to top $1 trillion market value for first time

Live Mint  

Broadcom Inc. surged to a $1 trillion market valuation for the first time on Friday, December 13, after predicting a boom in demand for its artificial intelligence chips. The chip supplier for Apple Inc. and other big tech companies predicted sales of AI products would gain 65 per cent in the first quarter, far faster than its overall semiconductor growth …

Chinese tech giant Tencent posts 8% revenue growth in Q3
4 months, 2 weeks ago

Chinese tech giant Tencent posts 8% revenue growth in Q3

Hindustan Times  

Chinese tech giant Tencent on Wednesday posted an eight percent year-on-year expansion in third-quarter revenue, driven by what it called "robust" growth in its gaming business. Chinese tech giant Tencent posts 8% revenue growth in Q3 The Shenzhen-based firm is one of the top players in China's expansive technology sector, operating the WeChat "super-app" with other offerings across gaming, content …

Apple in talks with Foxconn to build AI servers to boost computing power as Apple Intelligence demand grows
4 months, 2 weeks ago

Apple in talks with Foxconn to build AI servers to boost computing power as Apple Intelligence demand grows

Firstpost  

Apple’s gearing up to supercharge its Apple Intelligence services, and it’s eyeing Foxconn for help. With Apple Intelligence — its fancy suite of AI features — taking centre stage, the company wants to up its computing game by building custom servers The idea is to use Apple Silicon to power these AI servers, the same chip tech that’s already humming …

Apple's AI-Powered iPhone Sales Resurgence: A Turning Point for the Tech Giant
4 months, 3 weeks ago

Apple's AI-Powered iPhone Sales Resurgence: A Turning Point for the Tech Giant

The Hindu  

Apple's iPhone sales have rebounded after a recent slump, with the company reporting a 6% increase in revenue and profit for the July-September period. The iPhone boost helped Apple deliver total quarterly revenue and profit that exceeded analyst projections, despite an one-time charge of $10.2 billion to account for a recent European Union court decision. The latest quarterly results captured …

China chipmaker SMIC beats Q2 estimates despite steep profit fall
7 months, 2 weeks ago

China chipmaker SMIC beats Q2 estimates despite steep profit fall

The Hindu  

Semiconductor Manufacturing International Corp reported a 59.1% fall in second-quarter net profit on Thursday though the result from China's largest chip foundry beat expectations. SMIC reported $164.6 million in unaudited profit attributable to owners for the three months to June 30, topping the $103.8 million expected by analysts polled by LSEG, while revenue rose by 21.8% to $1.9 billion, also …

Qualcomm Gives Bullish Forecast After Phone Demand Perks Up
7 months, 3 weeks ago

Qualcomm Gives Bullish Forecast After Phone Demand Perks Up

Live Mint  

-- Qualcomm Inc., the world’s biggest seller of smartphone processors, gave a strong revenue forecast for the current period, indicating that demand for phones is rebounding. Phone makers have been helped by a spending recovery among Chinese consumers, and that’s translating into more orders for component makers like Qualcomm. Apple’s iPhone relies on Qualcomm for connectivity chips, not the main …

Global smartphone market sees 6.5 per cent growth in Q2, Samsung and Apple lead: IDC Report
8 months, 1 week ago

Global smartphone market sees 6.5 per cent growth in Q2, Samsung and Apple lead: IDC Report

India TV News  

Global smartphone shipments have reportedly increased by 6.5 per cent in the second quarter of 2025, which will be driven by Samsung Electronics and Apple. Global smartphone shipment in the second quarter As per the Reuter report, it is marked as the fourth consecutive quarter of growth in global shipments, in which smartphone manufacturers are leveraging artificial intelligence to attract …

AI frenzy expected to have boosted Samsung second-quarter profit 13-fold
8 months, 3 weeks ago

AI frenzy expected to have boosted Samsung second-quarter profit 13-fold

The Hindu  

Samsung Electronics is expected to post a 13-fold increase in second-quarter profit from a year earlier as demand for artificial intelligence technology fuels a rebound in memory chip prices. Operating profit for the world's biggest maker of memory chips, smartphones and TVs likely rose to 8.8 trillion won in the quarter ended June 30, according to the average of an …

US stock markets: Apple stock hits record high on AI announcements
9 months, 2 weeks ago

US stock markets: Apple stock hits record high on AI announcements

Live Mint  

Apple Inc. stock climbed more than 6 per cent to hit a record high on Tuesday, following its long-awaited AI strategy, presented at its annual developer conference WWDC. Apple’s AI announcements eased concerns about the company’s growth as investors hope that customers will pay up for the next generation of iPhones. A look at some of the new features for …

Apple suffers steepest sales fall in a year amid China iPhone slump
10 months, 3 weeks ago

Apple suffers steepest sales fall in a year amid China iPhone slump

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We are also raising our quarterly dividend for the 12th year in a row.” The revenue decline …

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset
10 months, 3 weeks ago

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset

NPR  

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset Enlarge this image toggle caption Mark Lennihan/AP Mark Lennihan/AP Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic's outset, deepening a slump that's increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. It marked the biggest …

IPhone maker Foxconn plans ₹13,300 crore in India expansion bid
1 year, 4 months ago

IPhone maker Foxconn plans ₹13,300 crore in India expansion bid

Hindustan Times  

IPhone maker Hon Hai Precision Industry Co. plans to expand its footprint in India with another NT$50 billion investment for construction projects. The logo of Foxconn is seen outside the company's building in Taipei, Taiwan, The announcement, made in an exchange filing in Taiwan late Monday, didn’t give any further details, saying only that the investment was for “operational needs.” …

Foxconn expects strong holiday sales in Q4, Sept sales slump
1 year, 5 months ago

Foxconn expects strong holiday sales in Q4, Sept sales slump

The Hindu  

Taiwan's Foxconn, the world's largest contract electronics maker and a major Apple supplier, predicted on Thursday strong year-end holiday sales after September sales dropped, coming off a high base for consumer electronics. Foxconn said in a statement that with the second half of the year a "traditional peak season" for consumer tech products, operations "will ramp up sequentially". Foxconn, formally …

Key iPhone Assembler Foxconn's Q2 Revenue Falls 1 Per Cent Due To Weak Demand For Electronics
1 year, 7 months ago

Key iPhone Assembler Foxconn's Q2 Revenue Falls 1 Per Cent Due To Weak Demand For Electronics

ABP News  

Key iPhone assembler Foxconn has reported one per cent fall in its second quarter net profit amid weak demand for electronics globally. The company, also the world's largest contract electronics manufacturer, beat analysts' forecasts - its net profit for the April-June quarter fell to T$33 billion from a revised T$33.29 billion in the same period last year. Foxconn shares rose …

WWDC 2023: Apple set for record high ahead of mixed-reality headset launch
1 year, 9 months ago

WWDC 2023: Apple set for record high ahead of mixed-reality headset launch

Live Mint  

Apple Inc. is on pace to close at a record high ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks. “Even with how much it has risen, it still feels like a quality company, with a lot of cash, continued innovation, a fortress balance sheet, and a …

iPhone maker Hon Hai expects flat 2023 as it builds EV push
2 years ago

iPhone maker Hon Hai expects flat 2023 as it builds EV push

Live Mint  

Hon Hai Precision Industry Co. said it expects to multiply its sales of electric vehicle components this year while weathering cooler consumer spending on technology. Beyond Apple’s range of smartphones and Mac computers, Foxconn assembles high-end electronics for large and small customers and is vulnerable to slumps in consumer or enterprise demand. iPhone Maker Warns Device Sales to Fall After …

Apple’s top manufacturer Foxconn to invest in Karnataka and Telangana
2 years ago

Apple’s top manufacturer Foxconn to invest in Karnataka and Telangana

Live Mint  

Apple Inc.’s top manufacturer, Foxconn Technology Group, might be headed to India with major expansion plans which could include new production sites. Following Foxconn CEO Young Liu's visit to India from 27 February to 4 March, Karnataka CM Bommai released a statement on Friday that Apple would “soon" manufacture iPhones at a new plant in the state, creating "about 100,000 …

Apple Supplier Foxconn Offers Up To $1,800 Bonus To Employees To Stay At China's iPhone Plant
2 years, 3 months ago

Apple Supplier Foxconn Offers Up To $1,800 Bonus To Employees To Stay At China's iPhone Plant

ABP News  

Apple supplier Foxconn is offering bonuses of as much as $1,800 to existing workers at China’s Zhengzhou facility, hoping to sustain the staff levels it needs to run the world’s largest iPhone factory, reported by news agency Bloomberg on Monday. The Bloomberg report stated that Foxconn, which is also known as Hon Hai Precision Industry Co., will top up wages …

Apple supplier Foxconn says working to resume China production as soon as possible
2 years, 4 months ago

Apple supplier Foxconn says working to resume China production as soon as possible

The Hindu  

Taiwan's Foxconn, Apple Inc's biggest iPhone maker, said on Monday it was working to resume full production at a major plant in China's Zhengzhou as soon as possible that has been hit by COVID-19 curbs and revised down its fourth quarter outlook. The Zhengzhou Airport Economy Zone in central China said it would impose "silent management" measures with immediate effect, …

Chips drive highest Samsung Q2 profit since 2018, but demand cooling
2 years, 8 months ago

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

The Hindu  

South Korea's Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Smartphone demand weakens Rising inflation, concerns about a downturn in major markets, the war in Ukraine and China's COVID-19 lockdowns have resulted in slowing smartphone sales, …

Taiwan’s Foxconn raises full-year outlook on strong tech demand
2 years, 8 months ago

Taiwan’s Foxconn raises full-year outlook on strong tech demand

The Hindu  

Taiwan's Foxconn, the world's largest contract electronics maker, raised its full-year business outlook on Monday thanks to strong sales of smartphones and servers despite concerns of slowing demand due to rising inflation. Foxconn's better-than-expected June sales come at a time when investors are concerned about slowing tech demand during a downturn in major markets due to high inflation and the …

Taiwan’s Foxconn raises full-year outlook on strong tech demand
2 years, 8 months ago

Taiwan’s Foxconn raises full-year outlook on strong tech demand

Al Jazeera  

Taiwan’s Foxconn, the world’s largest contract electronics maker, raised its full-year business outlook on Monday thanks to strong sales of smartphones and servers despite concerns of slowing demand due to rising inflation. Foxconn’s better-than-expected June sales come at a time when investors are concerned about slowing tech demand during a downturn in major markets due to high inflation and the …

Apple supplier Foxconn’s EV push takes it back to the future
2 years, 9 months ago

Apple supplier Foxconn’s EV push takes it back to the future

Live Mint  

Consider, if you will, a scenario where Foxconn Technology Group enjoys margins three times fatter than Apple Inc. That may be hard to imagine because the developer of iPhones is one of the largest companies in the world, earning close to $100 billion annually, while the one that makes those devices brings in 5% of that. The year was 1996, …

iPhone Manufacturer Foxconn Warns Of Revenue Decline Amid Slowing Demand, Supply Chain Issues
2 years, 10 months ago

iPhone Manufacturer Foxconn Warns Of Revenue Decline Amid Slowing Demand, Supply Chain Issues

ABP News  

New Delhi: Apple's contract manufacturer Foxconn has warned that revenue could fall in this quarter, courtesy of the declining demand in locked down China, inflation and the growing supply chain issues. Earlier this month, Apple had decided to start production of the upcoming iPhone 14 models earlier than usual and to keep up with Apple's preparations to ensure that the …

Qualcomm can keep growing without Apple, analysts say
3 years, 4 months ago

Qualcomm can keep growing without Apple, analysts say

The Hindu  

Investors once believed that Qualcomm Inc's fortunes rose and fell with Apple Inc's iPhone, which uses a key "modem" chip from the San Diego company to connect to mobile data networks. But as Qualcomm prepares for an investor presentation on Tuesday where it will outline plans to land its chips in everything from virtual reality headsets to self-driving cars to …

Qualcomm, Electronic Arts rise; Moderna, Roku fall
3 years, 4 months ago

Qualcomm, Electronic Arts rise; Moderna, Roku fall

Associated Press  

NEW YORK — Stocks that traded heavily or had substantial price changes Thursday: Qualcomm Inc., up $17.63 to $156.11. The chipmaker gave investors an encouraging profit forecast after reporting strong fourth-quarter financial results. The online reservations site beat Wall Street’s third-quarter profit and revenue forecasts. The video streaming company gave investors a weak sales forecast and warned that supply chain …

Apple Earnings Call Shows Strong iPhone 12 and Mac Sales, Warns Chip Shortage May Hurt Business
3 years, 10 months ago

Apple Earnings Call Shows Strong iPhone 12 and Mac Sales, Warns Chip Shortage May Hurt Business

News 18  

Cupertino-based giant Apple yesterday posted its latest earnings report yesterday, where the company showed a strong ongoing demand for iPhone 12 in Q1 2021. Apple Chief Executive Tim Cook said on an investor call that Apple avoided a chip shortage in the fiscal quarter by burning through supply buffers. In the current quarter, however, the chip shortage could cost Apple …

Market Ahead Podcast, April 15: Top factors that could guide markets today
3 years, 11 months ago

Market Ahead Podcast, April 15: Top factors that could guide markets today

Business Standard  

Indian markets eye a firm start to Thursday's session as they look to resume trading following a one-day holiday with adjusted SGX Nifty ruling 95 points higher at 14651.50. Meanwhile, in the overnight session, Wall Street indices closed mixed with the Nasdaq Composite and S&P 500 falling despite another record intraday high for the latter and big banks’ stellar results …

Qualcomm achieves strong Q4 results due to early 5G rolout: Know details
4 years, 4 months ago

Qualcomm achieves strong Q4 results due to early 5G rolout: Know details

India TV News  

Bullish on the early success of its 5G rollout, chip-maker Qualcomm has posted strong results for its fourth quarter, logging $6.5 billion in revenue which is up 35 per cent. "Our fiscal fourth-quarter results demonstrate that our investments in 5G are coming to fruition and showing benefits in our licensing and product businesses," said Steve Mollenkopf, CEO of Qualcomm. Inching …

IPhone maker says it will split US and China supply chains
4 years, 7 months ago

IPhone maker says it will split US and China supply chains

Live Mint  

Key Apple Inc. partner Hon Hai Precision Industry Co. is planning to split its supply chain in two, with one segment serving the Chinese market and the other the US. “No matter if it’s India, Southeast Asia or the Americas, there will be a manufacturing ecosystem in each,” Liu said, adding that while China will still play a key role …

Foxconn expects to resume normal production of iPhone in China by March-end
5 years ago

Foxconn expects to resume normal production of iPhone in China by March-end

Live Mint  

Hon Hai Precision Industry Co., Apple Inc.’s most important manufacturing partner, expects its Chinese plants to begin operating normally by the end of March after resolving severe labor shortages brought on by the coronavirus outbreak. Business across all of Hon Hai’s four major divisions should decline in the March quarter compared with the previous year, meaning sales in the first …

Foxconn, maker of Apple iPhones, expects production to return to normal this month
5 years ago

Foxconn, maker of Apple iPhones, expects production to return to normal this month

CNN  

Hong Kong CNN Business — Foxconn, the main assembler of Apple products such as the iPhone and iPad, expects to resume normal production by the end of the month after the coronavirus outbreak forced it to close factories in China in late January. Asked if the first quarter would be profitable, Liu said: “I cannot tell you at the moment.” …

Qualcomm shares spike by 5 percent, beats Wall Street estimates for Q4 revenue
5 years, 4 months ago

Qualcomm shares spike by 5 percent, beats Wall Street estimates for Q4 revenue

Firstpost  

Qualcomm’s revenue in the Q4 fell about 17 percent to $4.81 billion, but beat analysts’ estimates of $4.70 billion. Qualcomm Inc forecast current-quarter profit above Wall Street expectations and beat estimates for fourth-quarter revenue from its closely watched licensing business, sending its shares up 5 percent in extended trading. The world’s biggest supplier of mobile phone chips expects between 1.75 …

Qualcomm outlook weighed down by weak smartphone demand
5 years, 7 months ago

Qualcomm outlook weighed down by weak smartphone demand

Live Mint  

Qualcomm Inc. gave a downbeat fourth-quarter sales forecast, indicating lingering weakness in smartphone demand while consumers wait for devices with the next generation of wireless technology. That’s making the near-term outlook for phones look “soft," but only temporarily ahead of an expected surge in demand for new devices, he said. On a conference call, analysts questioned Qualcomm’s confidence that the …

Apple no longer just about iPhones as revenue from other products becomes bigger than handset sales
5 years, 7 months ago

Apple no longer just about iPhones as revenue from other products becomes bigger than handset sales

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The company's latest results show that sales of the iPhone are actually dropping, with billions of dollars …

Foxconn to assemble Apple iPhone X series in India
6 years, 3 months ago

Foxconn to assemble Apple iPhone X series in India

Live Mint  

Mumbai/Delhi: Apple Inc. will begin assembling its top-end iPhones in India through the local unit of Foxconn Technology Co. Ltd as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to three people familiar with the matter. Importantly, Foxconn will be assembling the most expensive models, such as the iPhone …

Foxconn’s profit miss reflects growing iPhone-supplier woes
6 years, 4 months ago

Foxconn’s profit miss reflects growing iPhone-supplier woes

Live Mint  

Taipei: Hon Hai Precision Industry Co.’s disappointing earnings will fan fears that Apple Inc.’s legion of global hardware suppliers are in for hard times. Hon Hai joins a string of Apple suppliers that’ve warned of a worsening outlook as iPhone volumes plateau alongside a lethargic smartphone market. “I expect iPhone shipments to decline to 200 million units next year and …

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