Foxconn raises second quarter outlook above forecasts
Foxconn expects second-quarter results to exceed its previous forecast of significant growth. The company is a major supplier for both Nvidia and Apple.
FOXCONN TECHNOLOGY CO LTD raised its second-quarter guidance on June 5, projecting performance well above its previous forecast of "significant growth." The Taiwan-based manufacturer serves as the primary server producer for NVIDIA CORP and the lead iPhone assembler for APPLE INC. This upward revision reflects increased momentum across the core business segments of the world's largest electronics contract manufacturer.
### Server and Smartphone Demand Drive Outlook FOXCONN TECHNOLOGY CO LTD stated on Friday that the updated outlook is likely to be well above its previously anticipated forecast. The manufacturer traditionally does not provide specific numerical guidance for its quarterly projections.
