Taiwan's Foxconn, recognized as the largest contract electronics manufacturer globally and the primary assembler of iPhones for Apple, announced on Thursday that its revenue for November increased by 3.47% compared to the previous year, reaching T$672.6 billion ($20.75 billion), marking the second highest figure recorded for that month.

The company indicated in a statement that it expects substantial growth in its fourth-quarter operations, both on a quarterly and annual basis, although specific details were not provided.

Foxconn's financial success is supported by a diverse and resilient revenue model. The company mainly earns income through long-term manufacturing agreements, frequently focusing on the production of high-volume consumer electronics and enterprise hardware.