Foxconn, a major assembler of Apple products, reported a 3.47% year-over-year increase in November sales, reaching NT$656.59 billion ($20.87 billion).

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	Forwarded this email? Subscribe here for more Foxconn’s sales surge on Apple product demand as AI growth slows MacDailyNews Dec 5   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 Foxconn, a major assembler of Apple products, reported a 3.47% year-over-year increase in November sales, reaching NT$656.59 billion ($20.87 billion). This growth was primarily driven by strong sales in the Computing Products category, which benefited from the launch of new Apple products. GuruFocus: ‎ Driven by ongoing demand for artificial intelligence servers, the company’s Cloud and Networking Products division also helped to support the performance. But month-over-month income in this category dropped, linked in part to a phase of product transition… [T]he supplier said the fourth quarter is usually a high season for the sector and expects significant sequential and annual growth. Foxconn had said that third-quarter income had increased 20% year over year and named 2025 as a crucial “AI Year.” ‎ MacDailyNews Take: The quicker Apple Intelligence features are released, and in more countries, the better sales will be for both Apple and Foxconn. We are currently about 1/4th of the way to being sustainable with Substack subscriptions. 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