Foxconn predicts less than 5% revenue growth
Foxconn, the key supplier for Apple, has offered a conservative outlook for 2024, predicting less than 5% revenue growth. The company's chairman, Young Liu, mentioned that geopolitical dynamics could easily offset any growth. However, Foxconn believes that growth momentum will come from its server business, driven by demand for cloud services and AI servers.
Worldwide monetary policies and inflation could influence performance
Liu also highlighted that worldwide monetary policies and inflation could have an impact on Foxconn's full-year performance in 2024. Despite the uncertainty, the company plans to continue investing in improving its business. The majority of its capital expenditure spending will be in China, followed by the US, Vietnam, and electric vehicle parts in Mexico.
Apple's packed 2024
While Foxconn expects conservative growth, Apple is expected to have a busy year in 2024. The company is set to unveil several new products, including the Apple Vision Pro (manufactured by Luxshare), new iPad models, MacBook models, Mac mini, and Mac Studio. Towards the end of the year, Apple will also introduce the new iPhone 16 family and new Apple Watch models, although these updates are not expected to be significant.
José, a Tech News Reporter at BGR, contributed to this article. He has previously covered Apple and iPhone news for 9to5Mac and worked as a producer and web editor for TV Globo in Latin America. He is based in Brazil.
Hey there! I’m William Cooper, your go-to guy for all things travel at iMagazineDaily. I’m 39, living the dream in Oshkosh, WI, and I can’t get enough of exploring every corner of this amazing world. I’ve got this awesome gig where I blog about my travel escapades, and let me tell you, it’s never a dull moment! When I’m not busy typing away or editing some cool content, I’m out there in the city, living it up and tasting every crazy delicious thing I can find. Join me on this wild ride of adventures and stories, right here at iMagazineDaily. Trust me, it’s going to be a blast! 🌍✈️🍴