The electronics giant meets expectations

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The electronics giant meets expectations
Photo: Chiang Ying-ying/AP/TT

Taiwanese electronics giant Foxconn reports a 17 percent increase in profit, beating market expectations.

Foxconn, a supplier of Apple phones and Nvidia AI servers, among other things, made a profit after tax of the equivalent of $1.9 billion for the third quarter. This was an increase of 17 percent compared to the same period last year and higher than analysts' expectations.

Revenue increased by eleven percent.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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