Apple's iPhone assembler Foxconn sees 'record' Q4 revenue as AI demand soars
December 2024 revenue soared 42.31% year-over-year, while setting a record for the highest fourth quarter revenue ever. Fourth Quarter: The Apple (AAPL) supplier — which is formally known as Hon Hai Precision (OTCPK:HNHAF) (OTCPK:HNHPF) — said revenue in the fourth quarter grew 15.
Foxconn Posts Record Fourth-Quarter Revenue on AI Demand
The Taiwan-listed assembler of Apple and Nvidia products posted record revenue for the fourth quarter, helped by robust demand for servers to power burgeoning artificial intelligence technologies.
Foxconn reports record revenue in 2024, driven by AI product demand and GB200 shipments
Foxconn reported a record revenue of NT$654.825 billion (approx. US$19.91 billion) in December 2024, thanks to the initial shipments of GB200-related products. This boost contributed to a total annual revenue of NT$6.
Foxconn Breaks Revenue Records in Fourth Quarter Amid AI Server Boom
Foxconn, the world’s largest contract electronics manufacturer and Apple’s primary iPhone assembler, announced record-breaking revenue for the fourth quarter of 2024, exceeding market expectations. The Taiwan-based company,
Foxconn Q4: Chipmaker's revenue hits $64.72 billion; beats estimates over high AI server demand
Phone assembly giant Foxconn's revenue surged to $64.72 billion, beating analyst estimates due to high AI server demand in the current market, reported the news agency Reuters.
Is Apple Inc. (NASDAQ:AAPL) the Hottest Large-Cap Stock Right Now?
We recently compiled a list of the 10 Hottest Large-Cap Stocks Right Now. In this article, we are going to take a look at ...
Why Apple (AAPL) Shares Are Sliding Today
Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 3.2% in the afternoon session after UBS cut its iPhone sales ...
Apple hopes to widen moat with 2025 product releases
Apple plans to release as many as 20 or more products in 2025, including a new MacBook Air as soon as this month. Read more ...
Apple (AAPL): New Sell Recommendation for This Technology Giant
In a report released today, Tim Long from Barclays maintained a Sell rating on Apple (AAPL – Research Report), with a price target of $184.00.
Apple Agrees to Pay $95 Million to Settle Lawsuit Over Recordings Tied to Siri
The class-action lawsuit alleged the company obtained private communications and shared them with third parties without ...
Apple: A Piece Of This Pie Is Too Expensive For Me
Apple's massive buyback program drove share price appreciation, overshadowing actual growth and inflating valuation metrics.
Money Morning3d
Apple Faces Bearish Pressure: What’s Behind the Selloff and Key Levels to Watch
First, analysts from UBS lowered their estimates for Apple as the company’s best revenue generator is showing signs of ...
Some Investors Are Selling Apple Stock Thursday: Here's Why
Apple Inc (NASDAQ:AAPL) shares are trading lower Thursday following reports indicating the tech giant is offering discounts ...
Apple's China troubles mount as foreign phone sales sink for 4th month
Shipments to China of foreign-branded smartphones, including Apple Inc's iPhone, fell by 47.4% in November from a year ...
Where Will Apple Stock Be in 2025?
Shares of Apple (NASDAQ: AAPL) have delivered returns of 33% in 2024 as of this Dec. 30. Many investors have turned bullish ...
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Apple (NASDAQ:AAPL) Shares Down 0.7% – Here’s What Happened
Shares of Apple Inc. (NASDAQ:AAPL – Get Free Report) were down 0.7% on Wednesday . The stock traded as low as $249.43 and last traded at $250.42. Approximately 39,460,684 shares traded hands ...
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Apple is pricier, 2025 could test mettle, Barron’s says
Apple (AAPL) had a bang-up 2024, with its stock skying 30%, extraordinary for a company its size, Andy Serwer writes in this ...