financetom
Business
financetom
/
Business
/
World's top electronics maker Foxconn Q4 profit drops 13%
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
World's top electronics maker Foxconn Q4 profit drops 13%
Mar 14, 2025 12:02 AM

TAIPEI, March 14 (Reuters) - Taiwan's Foxconn,

the world's largest contract electronics maker, reported a 13%

drop in fourth-quarter profit as weak performance in its

consumer electronics division offset strength in its AI server

segment business.

Net profit for October-December for Apple's ( AAPL ) top

iPhone assembler and Nvidia's ( NVDA ) AI server maker came in

at T$46.33 billion ($1.41 billion), missing analysts' average

forecast of T$54.4 billion, according to an LSEG consensus

estimate of 15 analysts.

Foxconn said in January its fourth-quarter revenue jumped

15.2% to a record for that quarter on strong sales of AI

servers.

The company, formally called Hon Hai Precision Industry ( HNHPF ), has

said it expects first-quarter performance to be better than the

average level of the past five years, and it will see strong

year-over-year growth. It does not provide numerical guidance.

But an escalating global trade war has dimmed the prospects

for its outlook this year, as it has a major manufacturing

presence in China and Mexico, two of the top U.S. trading

partners that now face increased import tariffs from U.S.

President Donald Trump.

Apple ( AAPL ) said last month it will work with Foxconn to build a

250,000-square-foot (23,200-square-metre) facility in Houston,

where it will assemble servers that go into data centres to

power Apple Intelligence.

Foxconn holds its earnings call at 3 p.m. in Taipei (0700

GMT) on Friday, where it will also update its outlook for the

rest of the year.

Foxconn's shares have fallen 8.7% so far this year, hit by

concerns about U.S. tariffs and trade policy.

($1 = 32.9550 Taiwan dollars)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Rigetti, Quantum Machines Automate Quantum Computer Calibration; Shares Rise
Rigetti, Quantum Machines Automate Quantum Computer Calibration; Shares Rise
Dec 10, 2024
10:45 AM EST, 12/10/2024 (MT Newswires) -- Rigetti Computing ( RGTI ) and Quantum Machines said Tuesday they have successfully automated calibration of a quantum computer using artificial intelligence. Quantum Elements and Qruise automated the calibration process for a 9-qubit quantum computer by combining advanced hardware and software from Rigetti, Quantum Machines, and Nvidia ( NVDA ) , according to...
IonQ Stock Is Trading Higher Tuesday: What's Going On?
IonQ Stock Is Trading Higher Tuesday: What's Going On?
Dec 10, 2024
IonQ Inc ( IONQ ) shares are in the spotlight Tuesday amid developments across the quantum computing industry. The company will discuss commercial momentum in the quantum space at a quantum conference on Tuesday. Here’s what you need to know. What To Know: Quantum stocks are in the spotlight Tuesday after Alphabet Inc ( GOOG ) unveiled a new quantum...
C3.Ai, ECS Win US Army Task Order to Modernize Information Collection Management Processes
C3.Ai, ECS Win US Army Task Order to Modernize Information Collection Management Processes
Dec 10, 2024
10:49 AM EST, 12/10/2024 (MT Newswires) -- C3.ai ( AI ) in partnership with ECS have won a task order from the US Army's Program Manager for Intelligence Systems & Analytics to modernize information collection management processes, the company said Tuesday. The partnership will implement C3 AI Decision Advantage, an AI-driven application suite designed for Combined Joint All-Domain Command &...
Compass Therapeutics Names Barry Shin CFO
Compass Therapeutics Names Barry Shin CFO
Dec 10, 2024
10:48 AM EST, 12/10/2024 (MT Newswires) -- Compass Therapeutics ( CMPX ) said Tuesday it appointed Barry Shin as chief financial officer, effective Dec. 9. Shin previously worked as executive vice president, chief operating officer and chief financial officer at Trevena ( TRVN ) , the company said. Compass Therapeutics' ( CMPX ) shares were up 5.5% in recent trading....
Copyright 2023-2025 - www.financetom.com All Rights Reserved