Foxconn Forecasts AI Server Growth
This is a Foxconn news story, published by Yahoo Finance, that relates primarily to Apple news.
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profit growthReuters
•Foxconn sees robust AI server demand, posts 14% rise in Q3 profit
79% Informative
Apple 's top iPhone assembler Foxconn posts better-than-expected 14% rise in quarterly profit.
Firm keeps its 2024 guidance of "significant" sales growth.
Firm forecast AI servers would account for 50% of its server revenue next year .
October sales hit a record high for the month and company expects fourth-quarter revenue to grow year-on-year .
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