Foxconn’s stellar September suggests strong iPhone XS sales


Larry Kudlow
Apple and Foxconn have especially close business ties.
Photo: Foxconn

Foxconn is best known for assembling iPhones, so it’s watched as a sign of demand for Apple’s most important product.  The Chinese company just reported its revenue increased 30 percent last month, an indication that there’s plenty of demand for the iPhone XS models that debuted in September.

This is just the latest hint that Apple’s latest are performing well.

Foxconn didn’t spell out how much of its T$584.93 billion ($18.8 billion) in revenue it generated last quarter came from iPhone production. It never does.

And, of course, not all the XS models were assembled in September. But Foxconn has been doing very well recently,  with double-digit  revenue growth every month since late spring. 2018 iPhone production would have begun this summer.

More good news about iPhone XS sales

When the iPhone XS and XS Max debuted last month, some versions sold out almost immediately. That’s a fairly good sign that demand is strong.

In addition, an analyst from Flurry reports that during the first week they were available, Apple’s XS series outsold last year’s iPhone 8 and 8 Plus by 45 percent.

More definite info on iPhone XS sales will have to wait until Nov. 1 when Apple will reveal the financial results of the July-September quarter.

Source: Reuters