iPhone maker flags strong start as lockdowns spur demand
Foxconn has forecast strong demand for the new iPhone 12.
Apple supplier Foxconn said it expected first-quarter revenue to rise more than 15% from a year earlier, boosted by strong iPhone sales and robust demand for electronics during lockdowns worldwide to curb the Covid-19 pandemic.
The world's largest contract electronics manufacturer has previously forecast strong demand for the new iPhone 12, saying its business will be supported by "stronger than expected" sales for smartphones and for telecommuting devices amid the current work-from-home trend.
