“Net profit in the final three months of 2016 ended four quarters of year-on-year declines to reach T$68.77 billion ($2.26 billion), up from T$52.93 billion in the fourth quarter of 2015, according to a Reuters calculation based on Foxconn’s full year 2016 results,” Wu reports. “It was well ahead of the T$48.78 billion forecast by analysts polled by Reuters and double the T$34.64 billion recorded in the third quarter of 2016.”
Wu reports, “Analysts see a brighter year for Foxconn in 2017, following a turnaround at its majority-owned Sharp Corp, more orders expected for the bigger-sized iPhone 7 models, and the expected launch of the 10th anniversary iPhone later this year.”
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MacDailyNews Take: Foxconn hasn’t seen anything, yet!