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Bloomberg1d agobullish
Nvidia Partner Hon Hai’s Profit Beats on Sustained AI Spending

(Bloomberg) -- Hon Hai Precision Industry Co. reported a better-than-expected increase in quarterly profit, signaling robust global demand for AI hardware.Most Read from BloombergFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AIPhoebe Gates Knew Phia Shopping App Took Credit for Sales It Didn’t DrivePakistan Says Deal Is Close Even as Iran, US Harden StancesApple’s Glass-Centric 20th-Anniversary iPhone Remains on Track for 2027Air India Pilot Tests Positive for Drugs After Mid-Air Drop

Taiwan's Foxconn reports 35% rise in Q2 profit on AI demand, beats forecasts
Reuters1d agobullish
Taiwan's Foxconn reports 35% rise in Q2 profit on AI demand, beats forecasts

Taiwan's Foxconn, the world's largest contract electronics maker, reported on Wednesday a 35% ‌rise in second-quarter profit, beating analyst forecasts, on ‌continued strong demand for AI, which it predicted would drive growth this ​year. Net profit for the April to June period for Nvidia's biggest server maker and Apple's top iPhone assembler was T$59.97 billion ($1.86 billion), versus an LSEG consensus estimate of T$58.8 ‌billion and compared with ⁠T$44.4 billion a year earlier. Foxconn, formally ​called Hon Hai Precision Industry, ‌in July reported a 40% year-on-year jump in second-quarter revenue.

Klarna Group (KLAR) Will Provide Leasing For A New US Device Upgrade Program
Simply Wall St.1d agobullish
Klarna Group (KLAR) Will Provide Leasing For A New US Device Upgrade Program

Klarna Group (NYSE:KLAR) is providing the leasing and financing backbone for Apple's new Apple Upgrade program in the United States. The partnership integrates Klarna into one of Apple's core hardware ownership offerings, expanding Klarna's exposure to US Apple customers. The role places Klarna more directly in consumer electronics financing beyond its existing buy now, pay later services. This kind of tie up is only one way to gain exposure to stable consumer themes. It can be useful to...

‘Massive Upgrade Cycle’ Coming – Ignore Memory Costs Panic and Buy Apple (AAPL)?
Insider Monkey2d agobullish
‘Massive Upgrade Cycle’ Coming – Ignore Memory Costs Panic and Buy Apple (AAPL)?

Apple (NASDAQ:AAPL) shares are in the red today amid reports that rising memory costs could result in higher prices for the iPhone 18, while a Jefferies report indicated disappointing prospects for an all-glass iPhone. However, Gene Munster, managing partner at Deepwater Asset Management, said in a recent program on CNBC that he still feels good […]

Socket Mobile Expands Industrial Mobility Distribution Through 3Eye Technologies Partnership
InvestorsHub2d agobullish
Socket Mobile Expands Industrial Mobility Distribution Through 3Eye Technologies Partnership

The agreement gives Socket Mobile broader access to North American mobility resellers as it targets Apple-based data capture deployments across frontline and industrial operations. Key Investor TakeawaysSocket Mobile (NASDAQ:SCKT) has formed a strategic partnership with 3Eye Technologies to distribute its barcode scanners, contactless readers and mobile data capture products across North America.

Apple (AAPL) Tops $10 Billion in India Sales, But Wall Street’s Focus Is on Supply Constraints and Margins
Insider Monkey5d agobullish
Apple (AAPL) Tops $10 Billion in India Sales, But Wall Street’s Focus Is on Supply Constraints and Margins

Apple Inc. (NASDAQ:AAPL) has reached a major milestone in India. The company generated $10 billion in annual sales for the first time while continuing to deliver double-digit growth and expand its retail presence in one of its fastest-growing markets. The achievement underscores Apple’s long-term opportunity in the region. Despite that progress, the market’s attention has […]

Canaccord Genuity Shareholders Back Board as Revenue Tops CAD 2 Billion
MarketBeat5d agobullish
Canaccord Genuity Shareholders Back Board as Revenue Tops CAD 2 Billion

Canaccord Genuity Group (TSE:CF) shareholders approved all matters presented at the company’s fiscal 2026 annual general meeting, including the election of six directors, the appointment of Ernst & Young LLP as auditor and an advisory vote on the company’s executive compensation approach. Dan D