Foxconn, a manufacturer of iPhones, Reports a 56% #iphone #apple #shorts

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Foxconn, a manufacturer of iPhones, Reports a 56% Drop in Q1 Profit and Warns Of Further Weakness.
Hon Hai Precision Manufacturing Company Limited HNHPF, the primary supplier of iPhones to Apple, Inc. (AAPL), on Thursday announced a decline in first-quarter profit and forecasted dismal consumer electronics sales for the second quarter.

According to Reuters, the Taiwanese firm's first-quarter net profit was NT $12.8 billion ($417.17 million), down more than 56% from NT $29.45 billion in the same quarter last year. Refinitiv's estimate was used in the report to state that the consensus forecast predicted for a profit of NT $29.18 billion. #iphone #apple #shorts



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