Foxconn does not appear to have suffered from a semiconductor shortage as it reported record sales for the third quarter of this year. The company’s sales amounted to about $ 50 billion.
Foxconn’s sales revenue increased 8.8% year-over-year and 3.44% quarter-over-quarter, with September sales being the company’s best this year. The most profitable product groups included consumer smart devices, computers, and cloud networking products. This is probably due in no small part to the fact that last month Apple, whose main manufacturing partner is Foxconn, released the iPhone 13 line of smartphones and new tablets.
Foxconn expects gross margins to be 12-13% in the second half of 2021, which is a significant increase compared to the first half when the figure was 8-9%.
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