Hon Hai Precision Industry Co., Ltd. reported quarterly profits higher than analysts' expectations, thanks to the AI boom and strong consumer demand for the $2,000 dual-screen iPhone. In the three months ending September, net profit increased 34% to NT$77.5 billion, with an average analyst forecast of NT$70.3 billion. Hon Hai aims to take half of the AI server market share within two years and increase gross margin to about 10% by producing more high-value components.

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