Key Points
TAIPEI, Nov 14 (Reuters) - Apple Inc (AAPL.O) supplier Foxconn (2317.TW) reported on Tuesday a surprise 11% increase in third-quarter profit, boosted by strong demand for smartphones ahead of the year-end holiday shopping season in Western markets...
Net profit for the July-September quarter rose to T$43.1 billion ($1.3 billion), beating market estimates for an 11% drop...
Apple, which in September launched a new series of iPhones, this month gave a sales forecast for the holiday quarter that missed Wall Street expectations, hurt by weak demand for iPads and wearables...
The tax investigation was first reported by the state-backed, strongly nationalist Chinese tabloid the Global Times, but in its English version of the story it suggested what China was actually unhappy about was that Foxconn founder Terry Gou is running for president as an independent, a decision he announced in August...
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