Hon Hai misses profit as AI doubts persist
Hon Hai Precision Industry Co. reported a 13% drop in net income due to weak Chinese iPhone sales, impacting its margins. Despite this, the company predicts a significant growth in AI-related revenue this quarter, driven by its role as a key assembler for Nvidia's AI servers.
Hon Hai Precision Industry Co. reported a 13% drop in net income due to weak Chinese iPhone sales, impacting its margins. Despite this, the company predicts a significant growth in AI-related revenue this quarter, driven by its role as a key assembler for Nvidia's AI servers.
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