Due to High Demand for Apple iPhones, Foxconn’s Q1 Net Profit was a record breaker
On the afternoon of May 14th, Beijing time, it was reported by ITHome that Foxconn released its first quarter of 2021 financial report. Revenue increased by 45% year-on-year, and net profit increased from NT$2.1 billion in the same period last year to NT$28.2 billion (About 1 billion U.S. dollars).
The report noted that "Affected by the epidemic, Foxconn's net profit in the first quarter of last year was only NT$2.08 billion. But with the economic recovery, Foxconn's net profit in the first quarter of this year reached 28.16 billion Taiwan dollars, higher than the 24.41 billion Taiwan dollars expected by analysts. That's over 13 times year-over-year