Gao Yuan / Bloomberg:
Foxconn reports Q3 revenue up 47% YoY to ~$95.4B, net income up 34% to ~$2.4B, above est., driven by AI and iPhone Duo demand, and forecasts strong 2027 sales — Hon Hai Precision Industry Co. predicted strong sales growth for next year due to soaring worldwide AI spending after earning a quarterly profit that beat estimates.
