Apple's (AAPL, Financial) key manufacturing partner, Foxconn, announced an 8.6% year-on-year increase in October sales, reaching 804.9 billion New Taiwan Dollars (approximately $25.2 billion). This marks the highest sales for the same period in history but falls short of market expectations of a 15% growth.
For the first ten months, Foxconn's sales totaled around 5.53 trillion New Taiwan Dollars, up by 9.57%, also marking a record high for the period. However, the October growth rate was the slowest since February, raising concerns over the demand for AI infrastructure and iPhones.
Looking ahead to the fourth quarter, Foxconn expects operations to improve sequentially, citing the second half as the traditional peak season for the information and communication technology industry. The company anticipates achieving both annual and quarterly growth in operations.
