--- title: "Foxconn Expects Strong Q4 Despite Apple's Tepid Outlook" description: "Foxconn Expects Strong Q4 Despite Apple's Tepid Outlook" author: "Saumya Mishra" published: 2023-11-06 updated: 2023-11-07 canonical: https://www.mindstick.com/news/3496/foxconn-expects-strong-q4-despite-apple-s-tepid-outlook category: "technology" tags: ["technology"] reading_time: 2 minutes --- # Foxconn Expects Strong Q4 Despite Apple's Tepid Outlook In spite of [Apple](https://www.mindstick.com/category/news/apple)’s latest estimates about weakened consumer demand for the **iPhone, Foxconn** has remained optimistic about [Q4 earnings](https://yourviews.mindstick.com/view/82903/why-did-bitcoin-lose-17-in-the-past-24-hours). However, the company is holding to its original forecast of strong year-end holiday sales fueled by the customer demand for [smartphones](https://answers.mindstick.com/Tag/news/smartphones), tablet computers, and other [electronic gadgets](https://answers.mindstick.com/qa/37408/what-are-some-cool-affordable-electronic-gadgets) from the **Chinese and U.S. markets**. - **Foxconn, a major Apple supplier, maintains its strong outlook for the fourth quarter despite Apple's recent forecast of weaker-than-expected demand for iPhones.** - **Foxconn says customers are buying well in China and the [United States](https://www.mindstick.com/news/2228/the-united-states-claims-seagate-broke-export-laws-by-selling-huawei-hard-drives), driving strong demand for smartphones, tablets, and other electronics.** - **The company anticipates that it will register a huge growth in its revenue in the fourth quarter when compared to the third quarter.** Foxconn, the **world's largest contract electronics maker** and a major Apple supplier, is sticking to its previous outlook of strong year-end holiday sales despite Apple's recent forecast of weaker-than-expected demand for iPhones. The company says customers are buying well in China and the United States, driving strong demand for smartphones, tablets, and other electronics. In a statement, Foxconn said that with the second half of the year a "traditional peak season" for consumer [tech](https://www.mindstick.com/services/technologies) products, operations "will ramp up sequentially." Its projected revenues will see a substantial increase between the third and fourth quarters of the fiscal year. Foxconn's October revenue reached **T$741.2** billion **($23.09 billion),** the [second highest](https://www.mindstick.com/forum/160917/how-to-write-a-query-to-find-the-second-highest-salary-in-sql-server) ever for October. The company's smart [consumer electronics](https://answers.mindstick.com/qa/113694/what-new-technologies-are-dominating-the-consumer-electronics-market-this-year) products, including smartphones, saw "significant" growth month-on-month as new products On Thursday, apple which is Foxconn’s biggest iPhone assembler missed [Wall Street](https://answers.mindstick.com/qa/41981/why-is-wall-street-seen-as-an-important-economic-center-for-the-united-states) expectations of sales forecast in the holiday quarter. Apple cited weak demand for iPads and wearables for the softer forecast. ![Foxconn Expects Strong Q4 Despite Apple's Tepid Outlook](https://www.mindstick.com/usernews/655071/186ce418-120c-4bda-b409-dd6dad9ad61e/images/52a701a8-23ca-49cc-82ea-cf5a730799d4.jpg) Despite Apple's tepid forecast, Foxconn is confident in its own outlook. The company expects strong demand for its products from other customers, such as **Huawei and Xiaomi**, to offset any weakness from Apple. Additionally, Foxconn is benefiting from the [ongoing global](https://answers.mindstick.com/qa/114234/what-role-are-international-organizations-playing-in-resolving-ongoing-global-conflicts-today) chip shortage, which is driving up prices for electronics components. --- Original Source: https://www.mindstick.com/news/3496/foxconn-expects-strong-q4-despite-apple-s-tepid-outlook Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.