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Investing.com -- iPhone maker Foxconn (SS:601138) anticipates that its server revenue will exceed its income from iPhone production within the next two years, according to Taiwan’s Central News Agency.
Young Liu, the Chairman of Foxconn, while participating in Nvidia’s annual developer conference GTC on Tuesday, confirmed this expectation.
When questioned if the server revenue would surpass the iPhone revenue, Liu responded affirmatively, stating it would "definitely happen within two years."
Liu further suggested that this milestone could potentially be reached as early as this year, implying a swift growth in the company’s server business.
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