Record earnings of the largest electronics manufacturer in the world
reported by Faxcon announced in a statement on Sunday that the company’s revenue from Apple increased by 15.2% to 2.13 thousand. One billion Taiwan dollars reached 64.72 billion dollars.
Faxconn, whose clients include AI chip companies such as Nvidia, said strong demand for AI servers led to Strong revenue growth for the company’s cloud and networking products segment. For smart consumer electronics, which includes iPhones, year-over-year growth has been roughly flat, according to the giant.
The company’s total revenue in December reached 654.8 billion Taiwan dollars, which is an increase of 42.3% compared to last year and is the second highest level in this month.
Faxconn said about its outlook for the first quarter of the new year that in the first quarter of 2025, overall operations will gradually enter The traditional course will reduce demand. Even with record high revenue in the fourth quarter of 2024, the sequential performance of the first quarter will reach almost the same levels as the average of the past five years, which, of course, should show a significant growth compared to a year ago.
Shares of Faxcan have jumped 76 percent in the past year, outperforming the broader Taiwan market by 28.5 percent. It was much better. The company will report its full fourth quarter earnings on March 14.
