Foxconn reports second quarter revenue of $48.7B, up 20% year-over-year | AppleInsider

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Foxconn’s revenues in the second quarter of 2021 were up 20% year-over-year because of continued elevated demand of the iPhone and other consumer devices.

According to Bloomberg, Hon Hai Precision Industry Co, which trades as Foxconn, reported quarterly revenue of $48.7 billion in the three months through June 2021.

The 20% increase in the second quarter follows another quarterly jump in the first. In the first quarter of 2021, Foxconn reported earnings of $47 billion, up 44% year-over-year.

The recovery suggests that demand for products that enable at-home work, education, and entertainment remains strong even as health restrictions ease and vaccination rates climb in many parts of the world. In addition to consumer spending on iPhones and other devices, enterprise business customers are also expanding data center infrastructure.

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Md Kashif Ali
Md Kashif Ali
Hey Guys Its Kashif, Founder of Tech Fire. I spend most of my free time creating content for my YouTube channel and this website. I started my YouTube channel at age 15 and my goal was to teach people what they can do with their gadgets.

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