Foxconn Raises Expectations - MOSK: 12.06.2023
Mac OS Ken
Ken Ray
4.7 • 996 Ratings
🗓️ 6 December 2023
⏱️ 13 minutes
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| 0:00.0 | This is Mac OSKIN. |
| 0:06.8 | This is Mac OS Ken. |
| 0:08.9 | Sort of positive news from FoxCon, |
| 0:11.6 | yet another regulatory issue for Apple in India, and a slew of Critics' Choice |
| 0:16.5 | nominations for Apple TV Plus. |
| 0:19.9 | It is Wednesday, 6th of December, 2023. I'm Ken Ray and this is news from Macco West |
| 0:28.1 | Ken brought to you by yours truly and supported by people like you patrons through Patreon. |
| 0:37.5 | Find out more and that your support at patreon.com slash MacoS can. Patreon. large or both coming out of FoxCon. Yesterday, Seeking Alpha had the contract manufacturer |
| 0:57.0 | raising its outlook for the current quarter. On the firm's expectations, the report said revenue performance in the first two months of the fourth quarter was slightly higher than expected. |
| 1:08.0 | Therefore, the outlook for the fourth quarter should be better than the original guidance for significant growth according to the company. |
| 1:16.0 | Time to pop the bubbly? |
| 1:19.0 | Well always, though the celebration should probably be tempered with an eye on recent history. |
| 1:26.0 | According to the piece, revenue was down in November versus October for cloud and networking |
| 1:31.5 | products, smart consumer electronics products, |
| 1:35.0 | components, and other products, that is one category, |
| 1:40.0 | and computing products. |
| 1:42.0 | Some of the fall from October had to do with customers stocking up ahead of the holiday season according to Fox Con, |
| 1:48.0 | as well as conservative spending by businesses and continued weakness in personal computers. |
| 1:54.8 | So where, you may be asking, is the good news? |
| 1:59.8 | Well the ground for that was laid a year ago. For year over year over year says seeking |
| 2:05.1 | alpha revenue and smart consumer electronics products and components and |
| 2:09.9 | other products showed strong growth year over year. |
... |
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