Foxconn's Sept revenue jumps, buoys hopes for solid sales at Apple [Reuters (UK)]
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Source: Reuters
Foxconn's Sept revenue jumps, buoys hopes for solid sales at Apple | Reuters 2 Min Read TAIPEI (Reuters) - Taiwan’s Foxconn, a key Apple Inc supplier, reported a 30 percent jump in September revenue on Thursday, boosting expectations for solid product sales for the American tech giant even as U.S.-China trade war escalates. Apple’s products, largely manufactured in China, have so far been spared from U.S. import tariffs, but it could be put in the crosshairs of the escalating trade dispute as Washington has threatened to expand the tariffs to almost all goods from China including iPhones. Foxconn, formally known as Hon Hai Precision Industry Co Ltd, said in a stock exchange filing that revenue rose 30 percent to T$584.93 billion ($18.8 billion) in September, extending a streak of double-digit growth since May. The strong monthly result, its second best ever, brings Foxconn’s both nine-month and third-quarter revenues to record highs, a company official told reporters. “This time, the
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