Main iPhone supplier Foxconn says that it will continue to invest in the United States as it sees continued demand for the iPhone 12 in the holiday quarter.Foxconn saw a profit of $1.08 billion for the July-September quarter, nearly identical to the figures it saw for the same quarter a year earlier. The flat growth was likely due to the coronavirus pandemic causing costly delays in product release schedules.Foxconn Chairman Liu Young-way said that the company has observed "stronger than expected" demand for smartphones and servers in 2020, especially for the iPhone 12. Both Liu and analysts expect the trend to continue. They anticipate consumer electronics revenue to rise as much as 10% in the fourth quarter and rise next year.Read more
