Foxconn has a grim outlook for the year as profits take a nosedive

AppleInsider
May 11, 2023, 9:14 am338 pts
Apple supplier Foxconn reported a 56% decline in first-quarter net profit, its biggest quarterly fall in three years, falling short of forecasts. Foxconn posts profit loss During the January-March quarter, Foxconn disclosed a decline in net profit to T$12.8 billion from T$29.45 billion in the corresponding…

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