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Apple supplier Foxconn's Q2 profit rises 6% on year, beats forecasts
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Apple supplier Foxconn's Q2 profit rises 6% on year, beats forecasts
Aug 13, 2024 11:43 PM

TAIPEI, Aug 14 (Reuters) - Apple ( AAPL ) supplier

Foxconn reported on Wednesday a 6% rise in

second-quarter net profit, driven by strong AI server demand.

The Taiwanese company, the world's largest contract

electronics maker, said net profit for the April-June quarter

rose to T$35.05 billion ($1.09 billion) from T$33 billion in the

same period the previous year.

The profit beat analysts' average estimate of T$34.29

billion.

(Reporting By Yimou Lee and Faith Hung; Editing by Muralikumar

Anantharaman)

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