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iPhone suppliers still hurting: Foxconn profits down 31%, Japan Display seeks govt bailout

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<p>iPhone assembler Foxconn has reported a 31% drop in its Q2 net profit, a hit being attributed to the <a href="https://9to5mac.com/2016/04/26/apple-earnings-fy16-q2/" target="_blank">recent decline[/url] in iPhone sales. The company reported net profits of NT$17.7B ($566) against analyst expectations of NT$23.9B, reports the <a href="http://www.wsj.com/articles/foxconn-profit-slumps-along-with-iphone-sales-1470930889?mod=rss_Technology" target="_blank">WSJ[/url].</p>
<p>There was some good news for the company, however, as its acquisition of Sharp got the government approval necessary to make the deal fully official.</p>
<p>The impact on suppliers of reduced iPhone demand was first seen <a href="https://9to5mac.com/2016/05/12/iphone-decline-suppliers-hit/" target="_blank">back in May[/url], when it was reported that Foxconn, Pegatron, Sharp, Japan Display and Sony had all seen their fortunes falling. The impact on one supplier in particular has worsened dramatically …  <a href="https://9to5mac.com/2016/08/12/foxconn-profits-japan-display-bailout/#more-441978" class="more-link">more…[/url]</p>
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