Foxconn made tons of money in 2019 and expects even more in 2020
What you need to know
- 2019 was a record year for Foxconn revenue.
- The company expects things to be even better this year.
- When Apple makes money, so does its partners.
Foxconn is one of the main players in the production of iPhones and DigiTimes reports that 2019 was the company's best yet.
The report notes that an increase of just 0.82% on 2018 was enough to give 2019 the crown as the best year for Foxconn revenue to date.
Things are expected to continue their upward trend in 2020, according to DigiTimes, with iPhone business part of those high expectations.
Some analysts have suggested that 2020 will also be a bumper year for Apple. With Foxconn making iPhones it's likely the trickle-down of cash will fill the coffers of both companies this year.
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Oliver Haslam has written about Apple and the wider technology business for more than a decade with bylines on How-To Geek, PC Mag, iDownloadBlog, and many more. He has also been published in print for Macworld, including cover stories. At iMore, Oliver is involved in daily news coverage and, not being short of opinions, has been known to 'explain' those thoughts in more detail, too.
Having grown up using PCs and spending far too much money on graphics card and flashy RAM, Oliver switched to the Mac with a G5 iMac and hasn't looked back. Since then he's seen the growth of the smartphone world, backed by iPhone, and new product categories come and go. Current expertise includes iOS, macOS, streaming services, and pretty much anything that has a battery or plugs into a wall. Oliver also covers mobile gaming for iMore, with Apple Arcade a particular focus. He's been gaming since the Atari 2600 days and still struggles to comprehend the fact he can play console quality titles on his pocket computer.