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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.

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