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Is the iPhone 16 selling well? Foxconn’s record October revenue offers initial clues

The sales performance of Apple’s iPhone 16 series has garnered mixed reviews since its launch. However, the benefits generated during the initial phase of the product release cannot be overlooked. Driven by growth in consumer electronics, Foxconn reported a revenue of NT$804.847 billion (approximately US$25.2 billion) for October 2024, marking an increase of 8.59% compared to NT$741.2 billion (approximately US$23.2 billion) in the same month last year.