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Foxconn’s Fourth Quarter Outlook Boosted by Holiday Sales Surge

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Foxconn (Hon Hai Technology Group) company headquarters

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Foxconn Technology’s (OTCPK:FXCOF) has raised its outlook for the fourth quarter, citing a surge in sales for the holiday peak season. The company also announced its revenue for November 2023, showing a significant year-over-year increase.

The Apple (AAPL) supplier, also known as Hon Hai Precision (OTCPK:HNHAF) (OTCPK:HNHPF), noted that the second half of the year typically represents the peak season for the information and communications technology (ICT) industry. Its revenue performance in the first two months of the fourth quarter exceeded expectations. This has led the company to predict a better fourth quarter outlook than the originally forecasted β€œsignificant growth.”

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