Samsung Device Patents Published this week Cover Display Devices that are Rollable, Foldable and Stretchable
Tony Fadell, Former SVP of Apple's iPod Division, Steps in on the Subject of iPhone Addiction in a Video Report

Foxconn Delivers 50% Growth Year over Year for December mainly due to the Strength of iPhone X Orders

1 cover foxconn iphone x sales


A new report out of China late yesterday states that the Foxconn Technology Group, the world's largest contract manufacturer of consumer electronics, posted 50 per cent year-on-year growth in December revenue mainly from iPhone X sales, the company said in a filing to the Taiwan stock exchange on Thursday.


The growth in monthly revenue to NT$675 billion (US$30.47 billion) was attributed mainly to the fact that shipments of iPhone X were delayed to November 2017, and because the price of the new model was 20 per cent higher than iPhone 8 Plus.


Foxconn's financial results are scrutinized for hints to Apple's health as the Taiwanese contract manufacturer is a key assembler of the US company's products and the sole manufacturer of the iPhone X.


Some analysts still see significant iPhone X shipments in the first quarter of this year, with Jeffries forecasting 40 million units. A report from Morgan Stanley also said the iPhone X adoption rate in China is faster than that for iPhone 8 or 8 Plus. Other analysts are a little more skeptical on the strength of iPhone X going forward, even though sales of iPhone X in China have been staggering.


10.1 Bar - News

About Making Comments on our Site: Patently Apple reserves the right to post, dismiss or edit any comments. Those using abusive language or negative behavior will result in being blacklisted on Disqus.




The comments to this entry are closed.