Wednesday, November 13, 2019

Foxconn posts Q3 net profit of ~$1B, up 23.3% YoY, beating analyst estimates, despite Apple's declining iPhone sales, which it relies on for ~50% of its revenue (Yimou Lee/Reuters)

Yimou Lee / Reuters:
Foxconn posts Q3 net profit of ~$1B, up 23.3% YoY, beating analyst estimates, despite Apple's declining iPhone sales, which it relies on for ~50% of its revenue  —  TAIPEI (Reuters) - Taiwan's Foxconn (2317.TW), a key supplier to Apple Inc (AAPL.O), posted a better-than-expected 23% rise …



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Satellite services provider Globalstar says Apple took a 20% ownership stake worth ~$400M, and has committed another $1.1B to expand satellite service capacity (Benjamin Mayo/9to5Mac)

Benjamin Mayo / 9to5Mac : Satellite services provider Globalstar says Apple took a 20% ownership stake worth ~$400M, and has committed an...