Apple’s Wandering Eyes Pushed Foxconn to Shack Up With Nvidia… And Now They’re Swimming in Cash

“And I took that personally…” -Foxconn

For months, the gossip line has been hot with rumors that Apple’s slowly ghosting its biggest iPhone assembler, Foxconn. As in, the late-night “u up?” texts and  manufacturing calls? Gone. The texts? Shorter. Analysts had already tossed them in the pile with other washed-up tech relics.

Foxconn could’ve pouted. They could’ve gone full “sad divorced dad” energy, reminiscing about the good ol’ days when Apple couldn’t get enough of them. But instead of sulking, Foxconn just rolled into earnings season like Jordan after hearing someone say Clyde Drexler was better. Profit surged 27% from last year, flipping the “dying business” narrative on its head. Revenue swelled to nearly $60 billion, and not only did the bottom line beat Wall Street’s $1.29 billion prediction… it laughed in its face with $1.48 billion. It was less “thanks for your concern” and more “kindly eat my dust, Apple.”

 

But the real “I’m HIM” moment came when, for the first time in its history, Foxconn’s AI server biz out-earned its iPhone assembly line (take that, Timmie). Servers hauled in 41% of revenue, while smart consumer electronics slid to 35%. As Geno Smith once famously said “they wrote me off… but I didn’t write back.”

So where’s all this new moolah coming from? Well, the second Apple started hinting it might “see other people,” Foxconn smartly went full petty ex… sprinted straight to Nvidia and put a ring on it. And when your main customer is the most cracked-out stock in tech (again, we’re talking about Nvidia here), you could argue they’re in an even better spot now than when they were married to Apple. And get this, Foxconn says its AI server revenue will rocket more than 170% in Q3 compared to last year… and triple from last quarter. But sure, tell me more about how they’re “finished.”

Now about that so-called Apple breakup… yeah, it’s really not as bad as everyone made it out to be (which is the ironic part). Foxconn’s still cranking out the gadgets that keep Tim Cook’s turtleneck budget alive. And thanks to a Trump-Apple handshake deal, some of that work’s coming to the U.S., while India and Vietnam get their own production glow-ups. So no, their “iPhone City” isn’t a ghost town yet, but Apple’s spreading manufacturing around to avoid tariffs and political fights with “The Donald.”

On top of that, India’s getting $1.5B worth of Foxconn upgrades… dorms for 30,000 workers and the capacity for 25M iPhones a year. Most U.S.-bound units already come from there, and Foxconn’s also planting flags in Texas, Wisconsin, and Ohio to crank out AI servers, EV parts, and other high-margin toys (in other words: they’re finally dating outside their league).

So no, this isn’t a breakup… it’s Foxconn finally kicking the “Apple’s factory” label. Nvidia’s on speed dial, AI server sales just out-earned iPhones for the first time ever, and this earnings report is exactly the kind of glow-up that gets Wall Street to stop patting you on the head and start taking you seriously. They’re still in bed with Apple… but now they’ve got a side hustle that’s paying better and earning them real respect on the Street.

At the time of publishing this article, Stocks.News holds positions in Apple as mentioned in the article.