Foxconn’s profits take a sharp decline, with a grim outlook for the year

  • Apple supplier Foxconn reported a 56% decline in first-quarter net profit, its biggest quarterly fall in three years.
  • This was significantly below the average projection of T$29.18 billion in profit by analysts.
  • Foxconn disclosed a decline in net profit to T$12.8 billion from T$29.45 billion in the corresponding period last year.
  • Foxconn has a grim outlook for the year.


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