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Foxconn growth slows, sparks AI, iPhone demand concerns

Foxconn, a key supplier for Apple and Nvidia, has reported its slowest monthly sales growth since February.

This has raised concerns about the demand for AI infrastructure and iPhones.

Foxconn announced October sales of NT$804.9 billion (US$25.2 billion), which is an 8.6% increase, although it signals a slowing trend.

Recent Apple developments

Timeline
05-Nov-2024 🕶️ Apple explores smart glasses via ‘Atlas’ initiative
  • Apple explores smart glasses with project ‘Atlas’
  • Focus groups gather employee feedback on current models
05-Nov-2024 🇮🇩 Apple plans $10m factory in Indonesia to lift iPhone ban
  • Apple plans $10M investment in Indonesia
  • Factory aimed at meeting local iPhone content rules
04-Nov-2024 📱 Apple, Indonesia in talks over iPhone 16 investment gap
  • Apple in talks with Indonesia for iPhone 16
  • 40% local component requirement needed for launch
04-Nov-2024 📡 Apple to invest $1.5b in Globalstar for iPhone services
  • Apple invests $1.5B in Globalstar satellite firm
  • Globalstar to dedicate 85% network capacity to Apple
04-Nov-2024 🖼️ Apple acquires Lithuanian image editing firm Pixelmator
  • Apple acquires Pixelmator, image editing firm
  • No immediate changes to its apps post-acquisition
01-Nov-2024 📉 Apple’s China sales dip despite iPhone boost

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