Business & Finance
Nvidia Partner Hon Hai Beats Profit Estimates on AI, iPhone Duo
Key Points
Asia Nvidia Partner Hon Hai Beats Profit Estimates on AI, iPhone Duo Hon Hai Precision Industry Co. posted a quarterly profit that beat analysts’ estimates, driven by the AI boom and strong consumer demand for the $2,000 iPhone Duo. Net income rose 34% to NT$77.5 billion ($2.4 billion) in the three months through September, the Taiwanese contract manufacturer said Thursday. Analysts expected NT$70.3 billion on average.
Asia
Nvidia Partner Hon Hai Beats Profit Estimates on AI, iPhone Duo
Hon Hai Precision Industry Co. posted a quarterly profit that beat analysts’ estimates, driven by the AI boom and strong consumer demand for the $2,000 iPhone Duo.
Net income rose 34% to NT$77.5 billion ($2.4 billion) in the three months through September, the Taiwanese contract manufacturer said Thursday. Analysts expected NT$70.3 billion on average. The company previously reported a 47% rise in quarterly sales.