Foxconn's Stellar Q3 Amid iPhone Demand Concerns

Foxconn has achieved remarkable success in the third quarter, reporting record revenue of T$1.85 trillion, a 20.2% year-over-year increase. This growth is largely attributed to the rising demand for AI servers and successful new product launches.

The company's strong performance in September, with revenue reaching T$733 billion, has contributed to an impressive 86% rise in its stock this year. Conversely, Apple faces challenges as demand for the iPhone 16 appears to be weaker than expected.

Shorter lead times and reduced interest in the Pro models, coupled with declining sales in China, are raising concerns. As Apple prepares to release its fiscal-fourth-quarter earnings, the market awaits insights on how the company will navigate these hurdles amidst increasing competition and regulatory challenges.