Foxconn reports second quarter revenue of $48.7B, up 20% year-over-year

Foxconn’s revenues within the second quarter of 2021 have been up 20% year-over-year due to continued elevated demand of the iPhone and different client units.

In line with Bloomberg, Hon Hai Precision Trade Co, which trades as Foxconn, reported quarterly income of $48.7 billion within the three months by June 2021.

The 20% improve within the second quarter follows one other quarterly leap within the first. Within the first quarter of 2021, Foxconn reported earnings of $47 billion, up 44% year-over-year.

The restoration means that demand for merchandise that allow at-home work, training, and leisure stays robust whilst well being restrictions ease and vaccination charges climb in lots of components of the world. Along with client spending on iPhones and different units, enterprise enterprise clients are additionally increasing knowledge heart infrastructure.

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