Major Apple assembler Foxconn reported on Thursday a 14% rise in third-quarter net profit, driven in part by strong AI server demand.

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	Forwarded this email? Subscribe here for more Apple assembler Foxconn’s Q3 profit rises 14%, beats forecasts MacDailyNews Nov 14   READ IN APP   The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry, is displayed at its headquarters in Taipei. Photo: Agence France-Presse Major Apple assembler Foxconn reported on Thursday a 14% rise in third-quarter net profit, driven in part by strong AI server demand. Reuters: ‎ 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. ‎ MacDailyNews Take: Should provide some support to AAPL as it bops around $225. We are currently about 1/4th of the way to being sustainable with Substack subscriptions. Not a bad start! Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! Upgrade to paid You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2024 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe