The Taiwanese electronics contract manufacturer, a major assembler of Nvidia servers and Apple 's main iPhone supplier, reported a 13 per cent fall in net income to NT$46.3 billion (US$1.4 billion). That compared with analysts’ estimates for a 2.3 per cent gain to NT$54.4 billion.
Foxconn's server manufacturing arm has expanded alongside the boom in demand for the Nvidia chips that drive AI development. However, it still derives most of its revenue from iPhones, and Apple reported a surprise decline in sales of its flagship device during the holiday quarter.
Foxconn, which ships electronics to the rest of the world from giant production bases in China, is also grappling with uncertainty surrounding US tariffs in 2025.
