The iPhone 12 generation promises to bring high revenue for Foxconn in Q4 / 2020

In Q3 / 2020, Foxconn made a profit of 1.08 billion USD, nearly equivalent to the same quarter of 2019. However, the Covid-19 pandemic was the leading cause of annual growth. change.

According to AppleInsider , Foxconn was in big trouble with the Covid-19 epidemic because the epidemic caused the capacity of many lines to be reduced, not to mention the supply shortage of components due to the impact of the pandemic. This is also the main reason why Apple has to delay the launch and release of the new iPhone 12.

Foxconn President Liu Young-way revealed that the company is seeing “stronger than expected” demand for smartphones and servers in 2020.

This could be due to the launch of the iPhone 12 series, according to Liu and analysts, the trend is expected to continue and the company’s consumer electronics revenue is expected to grow 10%. in Q4 and early 2021.

According to some analysts, Foxconn will assemble all iPhone 12 Pro and iPhone 12 Pro Max models and 70% of the remaining iPhone models. This is a huge number of orders and will definitely bring a lot of revenue for Foxconn.

Foxconn also added that the surge in demand for smartphones, especially the new iPhone 12, has encouraged the company to continue to invest in factory construction projects in the US, particularly in Wisconsin.

The world’s number one electronics outsourcing company is moving towards the creation of servers, telecommunications and artificial intelligence products. Foxconn initially planned to make screens for TVs but later switched to producing smaller LCD screens.

Refer to AppleInsider