Foxconn Reports Unexpected 11% Rise in Q3 Profit Amid Global Electronics Slump

Company Forecasts Slight Decline in Q4 and Full-Year Revenue Despite Strong Holiday Demand

Foxconn, a major supplier for Apple, reported an 11% increase in third-quarter profit, surpassing analysts' expectations.
The profit rise comes despite a global slump in consumer electronics.
Foxconn's revenue for the fourth quarter and the full year is expected to slightly decline.
The company's smart consumer electronics division, which includes smartphones and makes up about half of Foxconn's total revenue, is also expected to see a slight fall in the fourth quarter.
Foxconn attributes the profit rise to strong demand for smart consumer electronics ahead of the year-end holiday shopping season in Western markets.