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Foxconn revenues increased thanks to iPhone X

According to the latest information, Foxconn, the world’s largest electronics assembler, increased its revenue for December 50% thanks to the successful start of sales of the iPhone X.

The representatives of Foxconn told the stock exchange of Taiwan. The plant’s revenues rose to 30.47 billion.

As predicted by investors in November, after acceleration of the rate of production of the new iPhone in Foxconn’s financial situation stabilized.

The reason for the sharp growth of the plant believe that the production and supply of iPhone X has been postponed to November 2017. Because of this, the major sales occurred in December. As well as the iPhone X. the Tenth generation of the smartphone is 20% more expensive than the iPhone 8 Plus.

Financial success Foxconn is widely seen as a success for Apple. The Chinese plant is the major collector devices of the American Corporation. Moreover, Foxconn is the only factory producing the iPhone X.

Analysts ‘ opinions on this subject differ. Some experts report that Apple will deliver at least 40 million iPhone X for the first fiscal quarter of 2018. Representatives of Morgan Stanley noted the high popularity of the iPhone X in China. However, some analysts still believe that demand for the iPhone X Apple below expectations.

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