Reuters:Foxconn reports Q1 net profit rose 5% YoY to ~$985M but warns that Q2 revenue could slow due to rising inflation, cooling demand, and supply chain issuesShovel and FoxConn logo are seen before the arrival of U.S. President Donald Trump for the Foxconn Technology Group groundbreaking ceremony
Foxconn Q1 sales edge up, however Q2 outlook inadequate
Earnings last month reached the 3rd highest on record for March at T$ 400.3 billion ($ 13.14 billion), though that represented a 21.1% year-on-year autumn, the business claimed in a declaration.
Foxconn Q1 sales border up, but Q2 expectation inadequate
Taiwan’s Foxconn, the world’s biggest agreement electronic devices maker and significant iPhone assembler for Apple Inc, said on Wednesday that profits in the initial quarter climbed 3.9% year-on-year, however that sales for the present quarter would be down.
Profits last month got to the third greatest on record for March at T$ 400.3 billion ($13.14 billion), though that represented a 21.1% year-on-year loss, the company said in a declaration.
The surge in sales for the very first three months of the year, to T$ 1.42 billion, was a fresh record high for the very same duration, and according to previous advice, Foxconn, officially called Hon Hai Accuracy Sector Co Ltd, claimed.
For smart customer electronic devices products, that includes mobile phones, earnings in March decreased due to new product launches in the very same duration in 2015.