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Apple supplier Foxconn's Q4 net profit falls 10% YoY to $1.31 bn
short by Bhawana Chaudhary / on Wednesday, 15 March, 2023
Taiwan-based Apple supplier Foxconn on Wednesday reported a 10% decline in its Q4 net profit from a year-ago period. The company's net profit fell to T$40 billion ($1.31 billion) from T$44.4 billion. Revenue for its key consumer electronics products was flat, the company said. This came after production at Foxconn's biggest iPhone factory was disrupted by China's zero-COVID policy.
read more at Reuters