Foxconn's Net Profit Rises 34% Driven by AI and iPhone Duo

Foxconn Technology Group's quarterly net profit increased by 34% to NT$77.5 billion (US$2.4 billion), surpassing analysts' expectations of NT$70.3 billion. This growth was fueled by the AI boom and strong demand for the US$2,000 iPhone Duo. Foxconn's quarterly revenue rose by 47%. The assembly of AI servers has become the company's largest growth driver, reducing its reliance on consumer electronics. Demand for AI servers equipped with Nvidia graphics processors has surged, particularly for products featuring the next-generation Rubin chip. Additionally, the demand for high-end smartphones like Apple's foldable iPhone Duo has positively impacted Foxconn, with Apple noting strong market feedback during the initial launch phase of the device.

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