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


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.

Keep up with everything Apple in the weekly AppleInsider Podcast — and get a fast news update from AppleInsider Daily. Just say, “Hey, Siri,” to your HomePod mini and ask for these podcasts, and our latest HomeKit Insider episode too.

If you want an ad-free main AppleInsider Podcast experience, you can support the AppleInsider podcast by subscribing for $5 per month through Apple’s Podcasts app, or via Patreon if you prefer any other podcast player.


Source link


Related articles

Game Software

The computer video game domain spans many genres...

The BoardEffect Mother board Portal

If you're searching for a centralized mother board...

Protect Virtual Info Room

A protected virtual data room can be described...

Research Data Room Providers

With the help of a due diligence data...
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.

Leave A Reply

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.