Foxconn Maintains Strong Year-End Sales Outlook

Foxconn Stock

Foxconn (OTCPK:FXCOF), the world’s largest contract electronics manufacturer and a major Apple supplier, has reaffirmed its strong year-end holiday sales outlook. The company reported that customers in China and the United States have been making robust purchases, supporting its positive expectations.

The fourth quarter traditionally represents a peak season for Taiwanese tech companies as they strive to provide smartphones, tablets, and other electronics to major clients, including Apple, for the year-end holiday season in Western markets.

In a statement, Foxconn reiterated its earlier outlook for a strong year-end season, stating that the second half of the year is a “traditional peak season” for consumer tech products, and operations will ramp up sequentially. The company emphasized that its significant growth outlook for the fourth quarter compared to the third quarter remains unchanged.

Foxconn reported revenue of T$741.2 billion ($23.09 billion) for last month, marking the second-highest October revenue on record. Although it was down 4.56% year-on-year due to a high comparison base, it increased by 12.2% from September, demonstrating the company’s positive momentum.

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