Foxconn sees strong iPhone 12 demand, reiterates US investment

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Foxconn sees strong iPhone 12 demand, reiterates US investment
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TAIPEI: Apple supplier Foxconn forecast strong demand for the new iPhone 12 in the holiday quarter and stressed that it would continue investing ...

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TAIPEI: Apple supplier Foxconn forecast strong demand for the new iPhone 12 in the holiday quarter and stressed that it would continue investing in the United States as scheduled and is looking at making new products there.

"We continue to push forward in Wisconsin as planned, but the product has to be in line with the market demand ... there could be a change in what product we make there," Chairman Liu Young-way said at an investor conference. It booked July-September net profit of TUS$30.8 billion , Reuters calculations showed based on nine-month figures, versus TUS$30.7 billion a year earlier.Advertisement

Analysts and Liu expect this trend to continue in the coming months. Foxconn is likely to assemble all premium models and 70per cent of other models, said analysts, including those from Taipei-based Fubon Research.

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