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What will be Foxconn's annual revenue for 2024?
3
Resolution / Starting Odds
Less than USD 180 billion • 25%
USD 180 billion to USD 200 billion • 25%
USD 200 billion to USD 220 billion • 25%
More than USD 220 billion • 25%
Foxconn's official financial reports or press releases
Story
Foxconn's Q2 Profit Surges 6% to $1.09B on 19% Revenue Growth, Driven by AI Demand
Aug 14, 2024, 09:05 AM
Foxconn, Apple's largest manufacturing partner, reported a 6% increase in net profit for the second quarter, reaching 35.05 billion New Taiwan dollars (approximately USD 1.09 billion). This profit exceeded forecasts, driven by strong demand for AI servers. The company's revenue for the quarter rose 19% year-over-year to around USD 48 billion. Foxconn has experienced its fourth consecutive quarter of profit increases, largely attributed to the AI server market, which is expected to continue growing throughout the year. The company anticipates that its AI server business could surpass its own expectations, reflecting the ongoing boom in AI technology and infrastructure. Additionally, Foxconn's stock has risen approximately 80% in 2024.
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Above 20% • 25%
Between 10% and 20% • 25%
Between 0% and 10% • 25%
Negative growth • 25%
Less than $1.4 billion • 25%
$1.4 billion to $1.6 billion • 25%
$1.6 billion to $1.8 billion • 25%
More than $1.8 billion • 25%
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Less than 10% • 25%
10% to 15% • 25%
15% to 20% • 25%
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Less than NT$34 billion • 25%
NT$34 billion to NT$36 billion • 25%
NT$36 billion to NT$38 billion • 25%
More than NT$38 billion • 25%
Increase by more than 10% • 25%
Increase by 5% to 10% • 25%
Increase by less than 5% • 25%
No significant increase • 25%
Above 10% higher • 25%
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Less than NT$2.3 trillion • 25%
NT$2.3 - NT$2.4 trillion • 25%
NT$2.4 - NT$2.5 trillion • 25%
More than NT$2.5 trillion • 25%