​Foxconn Sales Growth Slows Amid Underwhelming AI-Enabled iPhone Upgrade Supercycle – Tyler Durden

Foxconn Sales Growth Slows Amid Underwhelming AI-Enabled iPhone Upgrade Supercycle Hon Hai Precision Industry, also known as Foxconn, which makes most of the world’s Apple iPhones, reported Tuesday the slowest monthly sales growth since February, stoking major concerns the upgrade cycle for new AI-enabled iPhones underwhelms.  Per the Bloomberg report:  Hon Hai, also a key server assembly partner to Nvidia Corp., on Tuesday reported sales of NT$804.9 billion ($25.2 billion) for October, up 8.6%. Analysts expect the company to grow its sales by 15% to NT$2.13 trillion in the current quarter. The iPhone assembler’s tepid sales growth appeared to reinforce Apple’s weak…  — Continue at ZeroHedge News : Read More