Abdullah Al-Haqim 
The Taiwanese company “Foxconn”, the largest electronics manufacturing contract company, expected a strong growth in revenue in the first quarter after announcing a sudden decrease of 13 percent in the profits of the fourth quarter.
Foxconn, whose work includes the manufacture of “iPhone” devices for “Apple” and the artificial intelligence servers of “Invidia”, achieved a net profit of $ 46.33 billion ($ 1.41 billion) during the period from October to December, which is less than the average of 15 estimates of 15 analysts raised by the London Stock Exchange Group of $ 54.4 billion Taiwanese.
And that decrease was the first for “Foxconn” since the second quarter of 2023, when profits decreased 0.9 percent.
In January, Foxconn announced that the revenues of the quarter of October to December jumped 15.2 percent to a record level in that quarter thanks to strong sales of artificial intelligence servers.
