TAIPEI – Foxconn expects first quarter revenue to grow more than 15% year-over-year, according to reports.

The firm cites strong iPhone 12 sales and demand for electronics during worldwide pandemic lockdowns.

Foxconn expects consumer electronics revenue, including smartphones and smart watches, to increase more than 15% in the January-March quarter. Revenue for cloud products, including servers, and computing products such as laptops is expected growth about 10% during the period.

Earlier, the company forecast revenue to grow about 10% in 2021.

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