Foxconn Q3 revenue hints at solid iPhone XS sales

October 12th, 2018   decode   news

Apple wants to switch from Taiwanese to Chinese suppliers to optimize expenses, but until that happens, the companies from the small island will keep posting impressive revenue. Such is the case with Foxconn, the primary iPhone XS, and iPhone XS Max supplier – it reported 30% jump in September revenue to T$585 billion (nearly $19 billion), extending a streak of double-digit growth on a monthly basis since May.

The strong monthly result is the second best in the history of Foxconn, brining nine-month and Q3 revenues to record highs, a company official was quoted by Reuters…

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