Foxconn Revenue Jumps 46% on Consumer Electronics and Server Demand
Bloomberg Intelligence forecasts 16 million iPhone Duo sales in the first year.
Foxconn, a key manufacturing partner for Apple, reported a 46% year-on-year increase in revenue. The growth was attributed to a combination of consumer electronics and server demand.
In a separate development, Bloomberg Intelligence projected that the iPhone Duo would sell 16 million units in its first 12 months on the market. The forecast comes as Foxconn's strong financial performance was noted.
The revenue jump highlights ongoing demand for electronics and server infrastructure, sectors where Foxconn plays a major role as a contract manufacturer.
Source: 9to5Mac