Apple supplier had profitable Q1 2021 due to iPhone 12

iPhone 12 supplier Foxconn recently revealed that the newest model resulted in huge profits in the first quarter of 2021.

Foxconn posted revenues amounting to $1 billion following the bumper sales of iPhone 12 in Q1.

The supplier said that the smartphone smashed all expectations in terms of sales.

iPhone 12 series is only getting stronger!

News outlet Reuters reported that Taiwan-based Foxconn had “better than expected” first-quarter profit this year.

Its also because most users are currently working from home due to the pandemic. And thus, there’ been a surge in demand for electronic devices.

The world’s largest contract electronics maker, Foxconn, is officially known as Hon Hai Precision Industry Co.

The supplier said that during the period between January and March, the revenue increased to T$28.2 billion ($1 billion). It’s way higher than the past figure of T$2.1 billion.

iPhone 12 resulted in a profit that is above previous projections of an amount of T$24.41 billion.

However, as per new reports, the second quarter might not be as good for Foxconn. The global chip shortage may lead to a decline in sales.

Shipments could see a fall by ten percent.

Coming onto the ongoing iPhone series, then the regular, non-pro model has been the star of the show so far.

Since its launch last year, iPhone 12 has witnessed a constant surge in its demand from consumers worldwide.

Apple even acknowledged this fact weeks ago, saying that the phone was its most popular model of Q2 2021.

READ MORE: Brazilian government fines Apple for removing iPhone 12 charger

Upcoming Apple announcements and reveals

Meanwhile, the California tech giant is working hard on its next schedule for this calendar.

Speaking of what’s about to come, then there is the WWDC event in June. The company will, once again, make it a virtual affair while revealing lots of new surprises.

The main highlight, however, will be the upcoming software version iOS 15. As per solid speculations, it will have a revamped home screen and overall modified user experience.

The second half of 2021 will also see an upgrade for Apple Watch, with Series 7.

And before the year-end, the highly anticipated iPhone 13 line-up will be unveiled as well.

Like the iPhone 12 series, the new models are rumored to arrive with multiple changes in design. They are scheduled to make their way in late September, according to early leaks and reports.

What are your thoughts on all the future Apple products and announcements?

You can share your ideas and reactions on our social media handle on Twitter at @MICKYNewsOz.


Image courtesy of The Verge/YouTube

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