Would you like to receive notifications on latest updates of the following headlines?

Apple Supplier Foxconn's Q2 Profit Rises By 6%, Beats Forecasts

POSTED ON August 14, 2024 •   Technology      BY Abiodun Saheed Omodara
Foxconn factory campus in Longhua town, Shenzhen, China l Credit: Getty Images

Apple (AAPL.O) supplier Foxconn (2317.TW) reported a 6% increase in second-quarter net profit, driven by strong AI server demand. 

The Taiwanese company, the world's largest contract electronics maker, saw its net profit for the April-June quarter rise to T$35.05 billion ($1.09 billion) from T$33 billion in the same period the previous year, beating analysts' average estimate of T$34.29 billion.

0
READ ALSO
Tinubu, Ogun leaders champion tech innovation
BY Abiodun Saheed Omodara December 26, 2024 0

The City Boy Movement, Ogun State Chapter, awarded N14m to winners of its technology grant initiativ...

READ ALSO
SEC promises transparency, fairness in fintech regulation
BY Abiodun Saheed Omodara December 24, 2024 0

LAGOS, Nigeria - The Securities and Exchange Commission (SEC) has assured stakeholders in the fintec...

READ ALSO
NSE president, Oguntala advocates AI to tackle pipeline vandalism
BY Benedicta Bassey December 19, 2024 0

NIGERIA — In a bid to ensure pipeline integrity in various monitoring systems, the president o...

READ ALSO
NEOM invest in automated robotic technology for construction projects
BY Abiodun Saheed Omodara December 13, 2024 0

NEOM has signed a landmark investment agreement with GMT Robotics, one of Europe’s emerging in...

READ ALSO
Meta offers $1m to Trump’s inaugural fund
BY Benedicta Bassey December 12, 2024 0

UNITED STATES —  Meta has donated $1 million to President-elect Donald Trump’s inau...

READ ALSO
LASG to boost revenue with technology
BY Abiodun Saheed Omodara December 4, 2024 0

Lagos State Governor, Babajide Sanwo-Olu has stated that his administration would boost the state&rs...

READ ALSO
Microsoft faces legal action over cloud computing licenses
BY Abiodun Saheed Omodara December 4, 2024 0

Microsoft faces legal action in Britain over a claim that thousands of businesses using cloud comput...

READ ALSO
Google, Meta advocate delay of Bill banning under-16 from social media
BY Benedicta Bassey November 26, 2024 0

Australian, Oceanic —Tech giants Google and Meta have urged the Australian government to...

OUR CHANNELS:

Two killed, 15 injured on Lagos-Ibadan expressway on boxing day
BY Abiodun Saheed Omodara December 27, 2024 0

The Federal Road Safety Corps has confirmed the death of two people and 15 others injured in a lone...


NHIA inaugurate groundbreaking initiative to reduce mortality
BY Abiodun Saheed Omodara December 27, 2024 0

NIGERIA (NAN) - The federal government, through the National Health Insurance Authority (NHIA) has i...


FCT CP Inspects Recreational Centers in Abuja
BY Ebiakuboere England December 27, 2024 0

ABUJA- The Federal Capital Territory's Commissioner of Police, CP Olatunji Disu, made an operational...


University of Abuja Denies Allegations of Bias in Vice Chancellor Appointment Process
BY Ebiakuboere England December 26, 2024 0

The University of Abuja has denied allegations of bias and irregularities in the ongoing process to...


Govs, ministers advocate peace, unity at Christmas
BY Benedicta Bassey December 26, 2024 0

NIGERIA — Governors, ministers, and lawmakers have called on Nigerians to embrace peace and un...


Okpebholo swears in perm secs urges efficient, transparent service
BY Benedicta Bassey December 26, 2024 0

EDO STATE, Nigeria  —Edo State Governor, Monday Okpebholo, has sworn in new permanent sec...


Osun advocate railway service extension to enhance economic productivity
BY Benedicta Bassey December 27, 2024 0

OSUN STATE, Nigeria —The Osun State government has called on the Nigerian Railway Corporation...


38 dead in Azerbaijan Airlines plane crash on Christmas Day celebration
BY Benedicta Bassey December 26, 2024 0

No fewer than thirty-eight people reported lost their lives following the Azerbaijan Airlines plane...


Taiwanese Politician Ko Wen-je indicted for corruption faces jail term
BY Benedicta Bassey December 26, 2024 0

TAIPEI  —  Ko Wen-je, a former Taipei mayor and presidential contender, was indicted...


Valencia employs West Brom’s manager after sacking Ruben Baraja
BY Abiodun Saheed Omodara December 26, 2024 0

Spanish football club giant, Valencia, has appointed the English championship team, West Bromwich Al...


More Articles

Load more...

Menu