October 5 news from Bright Dairy | Hon Hai's third-quarter revenue growth accelerated to maintain a rebound, as the demand for servers driving the development of artificial intelligence offset the soft sales of smart phones. Apple Inc.'s main manufacturing partner Foxconn disclosed its three-month sales as of September, with data showing a 20.2% year-on-year increase to 1.85 trillion Taiwan dollars, 57.9 billion U.S. dollars. Bloomberg analysts' average forecast was 1.78 trillion Taiwan dollars. The company stated that third-quarter sales figures set a record for the same period and exceeded its own growth expectations, but did not specify the estimated figures. Sales in the second quarter increased by 19%, marking the first revenue growth for the company since the beginning of 2023. Foxconn's sales benefited from the growth of the server supply business—nvidia's ai chip. The company stated in August that it expects revenue to grow for the rest of the year. The company's stock price is expected to rise by over 85% by 2024.