The predictions came true and IPhone 12 sales were better than expected. This time around, the good news for Apple has been confirmed by device maker Foxconn.
Top iPhone Assembler Foxconn Says Higher Than Expected Quarterly Revenue Thanks To Strong demand for new 5G devices from Apple Inc. and said that despite t he unpredictable global situation, he expects this trend to continue in 2021
Foxconn increases profits with iPhone 12
According to report data released by Bloomberg, the Taiwanese company’s December sales totaled $ 713.8 billion. Quarterly sales achieved a record $ 2 billion, according to Bloomberg News calculations based on previously released monthly sales figures, exceeding the average estimate by 1.8 billion.
The report quotes Wedbush analyst Dan Ives. Notoriously bullish on Apple stocks, Ives wrote that Apple’s outlook “Now they’ve even passed our ‘bullish scenario’ for units of the year 21 ″, which Ives says will be “a big positive for stocks in the months to come.”
Apple CEO Tim Cook has often warned that supply chain sources don’t always reflect demand for its products, as the company often has components from multiple vendors. However, Foxconn’s performance and frequent analyzes of iPhone sales have been fairly consistent in recent months.
Foxconn doesn’t just live on iPhones
Plus your income from iPhone 12 orders this week Foxconn shares rose 13% due to reports that an agreement has been signed with Chinese electric vehicle manufacturer Byton ltd for its next project in this sector. Of course, many are wondering if Apple and Foxconn will also team up in making a car.