Apple supplier Foxconn reports a 23% profit increase

RECTANGLE foxconn profit

Apple supplier Foxconn has reported a 23% profit increase for Q3 of 2019, beating market expectations thanks to stable and strong sales of mobile and wearable devices.

As reported by Reuters,

Foxconn, the world’s largest contract electronics manufacturer, reported net profit of T$30.7 billion ($1.0 billion) for the July-September quarter, versus an average forecast of T$27.75 billion by 12 analysts compiled by Refinitiv. 

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Sami started falling in love with Apple in 2010 with the iPhone 4S. As a registered developer, he deeply admires the world of Apple. Sami is an aspiring journalist, writer, and actor. He also has devoted his life to sharing his passion and knowledge with others around the world.