Key Apple (AAPL, Financial) manufacturing partner Foxconn Technology (FXCOF) announced its November sales rose 3.47% YOY, or NT$656.59 billion ($20.87 billion). While revenue dropped 16.43% from October's NT$804.85 billion, buoyed by pre-holiday sales activity, the growth shows consistent demand for components and products in its Information and Communications Technology operations. Growth was mostly driven by robust sales in the Computing Products category, which included brand-new product introductions from Apple.
Nonetheless, limited demand caused Smart Consumer Electronics sales to drop YOY. Driven by ongoing demand for artificial intelligence servers, the company's Cloud and Networking Products division also helped to support the performance. But month-over-month income in this category dropped, linked in part to a phase of product transition. Apple's largest assembler, Foxconn's involvement highlights how much the tech behemoth shapes its income flow.
Supported by continuous artificial intelligence server demand and recovery in automotive-related components, the supplier said the fourth quarter is usually a high season for the sector and expects significant sequential and annual growth. Foxconn had said that third-quarter income had increased 20% year over year and named 2025 as a crucial "AI Year." Its important to note that Apple stock is up almost 9% for the year.
