Apple supplier Foxconn posts 9% fall in first-quarter revenue

[Pelican Press 0]

Apple supplier Foxconn posts 9% fall in first-quarter revenue

Pictured here is a Foxconn factory in Zhengzhou city on Sept. 4, 2021.

Vcg | Visual China Group | Getty Images

Apple iPhone manufacturer Foxconn on Friday

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in revenue for the first quarter of 2024, compared to the same ******* last year.

The company, which trades as Hon Hai Precision Industry in Taiwan,

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of 1.32 trillion New Taiwan dollars ($41.2 billion), which was also 28.58% lower compared to the fourth quarter of last year. It was also below economists’ expectations in an LSEG poll.

However, the company expects revenue to grow in the second quarter, despite noting that it “******** a traditional off-peak season.”

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Breaking News: Technology,Technology,Hon Hai Precision Industry Co Ltd,business news
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