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Title: Apple supplier Foxconn sees profit drop despite strong iPhone 12 sales Post by: HCK on March 30, 2021, 04:05:21 pm Apple supplier Foxconn sees profit drop despite strong iPhone 12 sales
The figures show a 4% decline year on year. What you need to know Apple supplier Foxconn has posted lower-than-expected profits despite strong iPhone 12 sales. Net profit of $1.6 billion was around 4% lower than the year before. Apple supplier Foxconn has posted lower-than-expected profits despite strong iPhone 12 sales. From Reuters: Foxconn, the world's largest contract electronics maker, posted on Tuesday a lower fourth-quarter profit that lagged expectations despite strong iPhone 12 sales and pandemic-led demand for telecommuting devices. The Taiwanese firm, which counts technology giants such as Apple Inc among its major clients, booked a October-December net profit of T$45.97 billion ($1.61 billion). Those figures represent a 4% decline on the previous year, however, revenue rose 15% year on year. According to the report, that was mainly driven by a "more than 15% revenue increase on the year" from consumer electronics including smartphones. Looking ahead, Foxconn ... Source: Apple supplier Foxconn sees profit drop despite strong iPhone 12 sales (http://feedproxy.google.com/~r/TheIphoneBlog/~3/eYZHuV-BdSM/apple-supplier-foxconn-sees-profit-drop-despite-strong-iphone-12-sales) |