Strong September for Foxconn could be a positive sign for Apple's fiscal Q4 report

Strong September for Foxconn could be a positive sign for Apple's fiscal Q4 report
The contract manufacturer that assembles many of Apple's mobile devices, Foxconn, had a very strong September according to the company. For the month, revenues rose 30% to $584.93 billion Taiwan Dollars ($18.8 billion USD). This was the fifth consecutive month where top line growth was in double digits. And while the U.S.-China trade war swirls around Foxconn, thus far the Apple iPhone has managed to avoid being a casualty of war. Of course it helps that the U.S. president, who started the trade war, uses the iPhone as his daily driver.

Last month, Apple shifted the production split of the iPhone XR, taking away some production from Pegatron and turning it over to Foxconn. The former had issues churning out enough units of the phone to satisfy Apple. The iPhone XR is widely expected by analysts to be the top selling iPhone model once the handset goes on sale October 26th. Besides handling assembly chores for Apple, the company runs assembly lines for other handset manufacturers including Xiaomi and Sony.

September was the last month of the third quarter, and the strong results helped Foxconn report record third-quarter and nine month revenue numbers. Some analysts are looking at Foxconn's results and are now expecting Apple to report a strong fiscal fourth quarter earnings report (which covers the same three month period from July through September). Apple will release these results on November 1st.

source: Reuters

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10 Comments

1. OneLove123

Posts: 1257; Member since: Aug 28, 2018

They made him use the iPhone. His daily driver was a galaxy phone.

4. Atechguy0

Posts: 918; Member since: Aug 03, 2018

This is Foxconn who makes not only iPhones, but tons of smartphones for lots of other OEMs. But it's only natural that Apples revenue has gone up again, especially since they raised the prices again. Also Apple has forced iOS users to go with the more expensive notched IPhones, and customers don't have a choice this time around (other than older IPhones). Plus there is no headphone dongle, no quick charger. So yeah, it only makes sense that Apple is going to reach record profits again. The real truth is Apples numbers and market share.

10. Peaceboy

Posts: 640; Member since: Oct 11, 2018

Don’t worry, Sammy conductors and display will have a poitive profit though their mobile division isn’t profitable anymore even selling 300M phones. Well anyway, 299M of it are all junks which android lovers love because it cost $200 less and will get a new one everyyear.

2. whatev

Posts: 2411; Member since: Oct 28, 2015

Ok, I get it, this is the time of the year where tech blogs are flooded by news of the iPhone flopping and 5 minutes later another one saying the iPhone is selling like hot cakes, so tired of this dynamic every year *rollseyes

3. midan

Posts: 3112; Member since: Oct 09, 2017

Pattern how things goes every single year with iPhones are exact same. Everything starts by Android people saying how new iPhones doesn't offer much compared to last year model and how those will flop, then reviews say how great devices those are, then comes news how bad or good sales are and eventually Apple shows their very high numbers and Android users show their massive butthurt.

6. Papa_Ji

Posts: 876; Member since: Jun 27, 2016

I think Android users always underestimate the power of iSheep...

8. whatev

Posts: 2411; Member since: Oct 28, 2015

More like android trolls are too naive, I guess they still believe in Santa and super heroes

9. sissy246

Posts: 7129; Member since: Mar 04, 2015

Hay now, Santa comes here every year and i just spent the day with wonder woman, lol

7. whatev

Posts: 2411; Member since: Oct 28, 2015

Yeah, it’s the same cycle every year, they could change the year in every news and they will be the same, it’s rally tiring, they like to play with android trolls hearts

5. midan

Posts: 3112; Member since: Oct 09, 2017

And Apple lowering shipments is really Classic

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