iPhone 14 and 14 Pro: Foxconn wants to be “optimistic but cautious” about year-end sales

The release of the new iPhone 14 seems to have given a serious boost to Foxconn’s business. The famous Taiwanese assembler announced record results in September. In the last month, its turnover has indeed increased by 40.4% compared to the previous year, which is equal to 25.9 billion dollars. Compared to August, this means an increase of 83.2%. Since Apple is its main customer, it is not difficult to imagine the reason for this success.

Time for the professors

The company especially experienced high demand for the most expensive versions of the new line, the Pro and Pro Max models. However, it is great news that the firm intends to calm down. While he is bullish on claims, he prefers to be cautious about the upcoming quarter. He said to himself “cautiously optimistic” about their goals at the end of the year. Not surprisingly, the health crisis and inflation stand out.

Inflation continues to rise in the United States, as in Europe, forcing central banks to raise interest rates. As a result, there are fears of a global recession, which may affect consumer attitudes.

The Cupertino company also saw its share price fall last week, but numbers from Foxconn allowed it to regain headlines. However, the iPhone 14’s lack of popularity is a concern in high places.

The fourth quarter is a crucial date for technology companies operating in Western markets. The end of the year celebrations are often a prime time to buy all kinds of electronic devices. If the news from Foxconn is promising, the current climate does not encourage overconfidence.