Foxconn Reports Positive Financial Outlook Driven by AI Server Demand and iPhone Shipments

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Foxconn's Financial Growth
  2. Plans for AI Factories
  3. iPhone Shipment Rebound and Global Smartphone Demand Increase


    4. Foxconn Technology Group, Apple's main contract manufacturing partner, has announced a positive financial outlook for the current quarter and the remainder of the year. The Taiwan-based company, formally known as Hon Hai Precision Industry, said it had posted strong profit growth in the June quarter.

    Foxconn's Financial Growth

    Foxconn's profit growth is attributed to the higher demand for servers used in artificial intelligence applications. The company's net income for the June quarter was NT$35 billion, in line with market expectations. Sales revenue for the same period reached NT$1.55 trillion, up 19% from the same period last year. This was mainly due to increased shipments of servers to data center operators that use Nvidia’s AI accelerators.

    Plans for AI Factories

    The company plans to achieve a 40% global market share of artificial intelligence servers. This strategy is based on the existing cooperation with key IT vendors and the company's manufacturing capacity. Foxconn's investment in AI technology has led to a nearly 80% rise in its share prices this year. The company plans to construct 'AI factories' incorporating Nvidia chips and software.

    Sales of AI servers could be a major growth factor for Foxconn because of its good relationship with Nvidia.Cecilia Chan, Bloomberg Intelligence

    iPhone Shipment Rebound and Global Smartphone Demand Increase

    Recent statistics show that iPhone shipments in China have rallied from the previous fall. There has also been a significant increase in the global market for smartphones due to rising consumer electronics demand and the integration of AI features in devices. Foxconn's July sales were up 22%, primarily due to AI server sales. The company's recent report indicates that almost all business segments have shown an upward trend in the current quarter. Cloud, networking, and components are expected to be growth drivers, while the smart electronics segment, including iPhones, is expected to remain steady for the year.

    Foxconn also indicated that Nvidia's leading AI semiconductor chip, the GB200, is on track and will begin shipment in the fourth quarter in small quantities, increasing significantly in early 2025.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Nvidia Appoints Colette Kress as Interim CEO and Harvey Jones as Board Chair

Nvidia appoints Colette Kress as interim CEO and Harvey Jones as board chair following Jensen Huang's resignation.

user avatarEmily Carter

Nvidia Board Evaluates Arm CEO Rene Haas as Successor to Jensen Huang

Nvidia's board is evaluating Arm CEO Rene Haas as a potential successor to Jensen Huang, who recently resigned.

user avatarTomas Novak

Unocoin Suspends Services Amid Investigation of Suspicious Transactions

Unocoin has suspended services to investigate unauthorized transactions linked to its BitGo wallet.

user avatarKaterina Papadopoulou

Chinese Developers Invest Billions in AI Data Centers Amid US Restrictions

Chinese developers are investing over $32 billion in AI data centers using Nvidia processors, despite US restrictions.

user avatarMaya Lundqvist

French Investors Increase Stablecoin Self-Custody

In France, stablecoin balances held in personal wallets surged by 192% from July 2025 to June 2026, indicating a growing trend towards self-custody among French crypto users influenced by fiscal pressures and political uncertainty.

user avatarLeo van der Veen

Stablecoin Holdings Surge in Western Europe

Stablecoin holdings in personal wallets across Western Europe surged by 131% between July 2025 and June 2026, significantly outpacing the global growth rate.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.