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Foxconn’s profits drop as iPhone sales falter, but AI boom offers hope

The Taiwanese company reported a 13 per cent fall in net income, worse than analysts’ estimates for a 2 per cent gain.



Foxconn's net income fell 13% due to weak iPhone sales and increased investment in AI server production, missing analyst estimates. The company hopes to offset losses with growth in its AI server manufacturing arm, driven by demand for Nvidia chips. Foxconn also faces uncertainty regarding US tariffs.

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