Apple supplier Foxconn cautious despite topping estimates for second-quarter earnings

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 92%

Nigeria News News

Apple supplier Foxconn cautious despite topping estimates for second-quarter earnings
Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Foxconn downgraded its outlook for full-year revenue to a slight decline from a previous guidance of flat as it joins other companies grappling with a weak global economy and a sluggish recovery in China

Apple supplier Foxconn beat estimates for second-quarter earnings on Monday thanks to a booming artificial intelligence sector but retained a cautious outlook for this year due to global economic uncertainties.

Liu told an earnings briefing he sees a lot of potential in India, where Foxconn has rapidly expanded its manufacturing facilities, adding: “several billion dollars in investment is only a beginning”. Within the AI server supply chain, Foxconn has won a “very high” market share for GPU modules and substrates, Liu said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

globeandmail /  🏆 5. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines