Storming iPhone 14 Pro demand sees assembler Foxconn set new record revenue

Storming iPhone 14 Pro demand sees assembler Foxconn set new record revenue ...

Analysts have dwindled opinions on iPhone 14 sales, but Foxconn, a leading assembly partner, has reported a new monthly revenue record owing to the rising iPhone 14 Pro demand.

The company stated that it is positive on the forecast for the current quarter, while remaining cautious about the potential implications of supply chain issues and inflation.

In September, CNBC reported a new income record for Foxconns.

Foxconn reported that sales in September totaled 82.3 billion new Taiwan dollars ($25.9 billion) up 40.4% year-on-year, equities a monthly gain record for the company.

That massive revenue growth was driven by a fresh product launch, smooth mass production, and the robust performance of Foxconn''s smart consumer electronics division, which includes its key smartphone business. In its earnings releases, Foxconn does not name its customers.

Neil Shah, a partner at Counterpoint Research, claims Foxconns'' record income came on the back of rising demand for the higher-cost iPhone 14 Pro and Pro Max models, which were launched last month.

The company expressed cautious optimism during the holiday quarter.

Although Foxconn maintained its full-year forecast, the company said Tuesday that it is cautiously optimistic on the forecast for the fourth quarter.

According to Foxconn, inflation and the epidemic continue to be overdue.

There have been conflicting reports about iPhone 14 demand. Apple analyst Ming-Chi Kuo said before, Bloomberg claimed that the Cupertino subsidiary had abandoned a planned increase of around 6 million additional units by the end of the year. The latter report said nothing about the split.

Both reviewers and analysts are pleased with the strong iPhone 14 Pro demand. Almost everyone feels that anyone planning to upgrade to the base model iPhone 14 should think again.

The iPhone 14 Pro has a very good theme: It isn''t enough to justify paying $100 more than the (now) $699 iPhone 13. If you want a new phone this year, consider spending the extra on the iPhone 14 Pro.

Analysts Dan Ives and Amit Daryanani echoed this.

The base [iPhone 14] is just too cost-effective to [buy the iPhone 14 Pro] because compared to the price points.

The results continue to show a robust demand for the iPhone 14 Pro and Pro Max, which might have a significant impact on mix and margins Amit Daryanani

Carrier subsidies, which are reduced to $200, $100, or even nothing, are now back in order to keep the major amount of the amount hidden in monthly payments. Many consumers pay much more attention to the initial structure of cash.

Photo:Quinn Battick/Unsplash