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[Hon Hai benefits from AI and dual-screen iPhone third-quarter profit exceeds expectations] On November 12, Hon Hai Precision Industry Co., Ltd. reported a quarterly profit higher than analysts expected, benefiting from the AI craze and strong consumer demand for the dual-screen iPhone priced at US$2,000. Net profit rose 34% to NT$77.5 billion in the three months to September, compared with analysts' average estimate of NT$70.3 billion. Hon Hai aims to capture half of the AI server market share within two years and increase its gross profit margin to about 10% by producing more high-value parts.
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