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Nvidia Partner Hon Hai's July Sales Growth Weakened by Tariffs [Yahoo! Finance Canada]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Most Read from Bloomberg Sales rose 7.25% to NT$613.8 billion ($20.5 billion), its slowest growth since January. Analysts were looking for a 12.2% increase in third-quarter revenue. Hon Hai, which also assembles Apple Inc.'s iPhones, previously said it expects third-quarter sales to grow sequentially and year-on-year. Last week, President Donald Trump set a 20% levy on Taiwan exports to the US. While electronics are exempt, they may be affected by the outcome of a US investigation, under Section 232 of the Trade Expansion Act, which includes probes into sectors such as semiconductor products. Still, there may be bright spots for Hon Hai later this year. The world's largest tech companies are raising capital spending further this year to keep ahead in an escalating AI race. Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Meta Platforms Inc. are expected to collectively spend more than $344 billion this year, with much of the amount devoted to AI data centers. Nvidia alon
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