Foxconn Says February Revenue Rose 56.43% Year Over Year
Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, reported on Wednesday that its February revenue jumped 56.43% year on year. The company has seen significant growth in recent months due to increased demand for electronic components. This surge is largely attributed to the ongoing global semiconductor shortage, which has driven up prices of essential materials.
- The sudden and substantial increase in Foxconn's revenue may raise concerns about the sustainability of this growth, particularly as global supply chains continue to grapple with bottlenecks.
- How will the shift towards more robust and resilient electronics production affect the industry's overall competitiveness, given the current dominance of companies like Apple?