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Apple supplier Foxconn's Q3 profit rises 14%, beats forecasts
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Apple supplier Foxconn's Q3 profit rises 14%, beats forecasts
Nov 13, 2024 10:47 PM

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

Foxconn reported on Thursday a 14% rise in

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

The Taiwanese company, the world's largest contract

electronics maker, reported net profit for the July-September

quarter rose to T$49.3 billion ($1.5 billion) from T$43.1

billion in the same period the previous year, according to

Reuters calculations.

The profit beat analysts' average estimate of T$46.3

billion.

($1 = 32.5590 Taiwan dollars)

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