- 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.
