Taiwan’s Foxconn books 2% fall in fourth-quarter profit, lags forecasts

Taiwan’s Foxconn, the world’s largest contract electronics maker, reported on Monday a 2% fall in fourth-quarter profit versus the same period a year earlier, lagging estimates despite strong global demand for AI products.

Net profit for October-December for Nvidia’s biggest server maker and ‌Apple’s top ⁠iPhone assembler was ⁠T$45.21 billion ($1.42 billion), versus an LSEG consensus estimate of T$63.86 billion. Foxconn did not provide a reason for the profit fall in its earnings release.