2 hrs ago

AI Demand Drives Foxconn August Sales To $29.14 Billion

AI Demand Drives Foxconn August Sales To $29.14 Billion
AI boom lifts Foxconn August sales to $29.14 billion · thehindubusinessline.com

Foxconn makes many electronic products and also builds servers used for artificial intelligence.

In August, its sales were much higher than in the same month last year.

The company earned NT$921.77 billion, or about $29.14 billion.

This was its second-best monthly sales result ever.

Demand for AI equipment helped its cloud and networking business grow.

Some consumer electronics sales also increased because customers were preparing for new product launches.

Foxconn expects the usual busy third quarter to keep supporting sales.

Another Apple supplier, Largan Precision, had lower sales than last August but slightly higher sales than in July.

Largan expects September shipments to benefit from peak-season demand and customer inventory building.

Key facts

Foxconn August sales
NT$921.77 billion ($29.14 billion)
Foxconn year-on-year growth
51.98% in August
Foxconn August sales ranking
Second-highest monthly sales in company history
Foxconn January-August sales
NT$6.51 trillion ($205.32 billion), up 39.73% year on year
Foxconn July sales
NT$946.51 billion ($29.85 billion)
Largan August sales
NT$5.01 billion ($158.01 million), down 16% year on year and up 3% month on month
Largan January-August sales
Up 4% year on year

Sources

Related news