Apple supplier Foxconn says it's 'cautiously positive' on Q4, adding to debate over iPhone 14 demand

Foxconn, a large supplier of Apple, warned Tuesday it is "cautiously positive" connected the outlook for the 4th fourth aft grounds September sales.

The Taiwanese company's comments adhd further substance to the statement implicit request for iPhones successful the coming months, fixed its outsized relation successful assembling Apple's flagship device.

Foxconn said September gross totaled 822.3 cardinal caller Taiwan dollars ($25.9 billion), up 40.4% year-on-year and 83.2% higher than August, a monthly income grounds for the company.

That monolithic gross maturation was driven by a "new merchandise motorboat and creaseless wide production" arsenic good arsenic beardown show of its astute user electronics products division, which includes its cardinal smartphone business. Foxconn does not sanction its customers, including Apple, successful its net releases.

Neil Shah, a spouse astatine Counterpoint Research, said Foxconn's grounds gross came connected the backmost of "storming demand" for the higher priced iPhone 14 Pro and Pro Max models, which were launched past month.

While Foxconn maintained its full-year outlook, the institution said Tuesday it is "cautiously positive" connected the outlook for the 4th quarter.

"The dynamics of inflation, the pandemic, and the proviso concatenation inactive request to beryllium intimately monitored," Foxconn said.