Overview

• 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.