Foxconn beats estimates with record Q4 revenue driven by AI demand

Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial intelligence (AI) servers.

Revenue for Apple’s biggest iPhone assembler jumped 15.2 per cent to $2.13 trillion ($64.72 billion), Foxconn said in a statement on Sunday.