Foxconn Now Making More From Servers than iPhones

An anonymous reader shares a report: Manufacturer to the stars Foxconn is building so many AI servers that they're now bringing in more cash than consumer electronics -- even counting the colossal quantity of iPhones it creates for Apple. The Taiwanese company revealed the shift in its Thursday announcement of Q2 results, which saw revenue grow 16% to NT$1.79 trillion ($59.73 billion) and operating profit rise 27% to NT$56.6 billion ($1.9 billion). CEO Kathy Yang told investors the company's Cloud and Networking Products division delivered 41% of total revenue, up nine percent compared to Q2 2024, and surpassing the company's Smart Consumer Electronics unit for the first time. The latter business includes Foxconn's work for Apple.

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