Friday, May 15, 2020
Foxconn’s profits plunged nearly 90% due to COVID-19 shutdown – TechCrunch
As earnings season winds down, we’re getting a solid picture on just how profoundly the COVID-19 pandemic has impacted corporations’ bottomline. Taiwan-based manufacturing giant Foxconn is among those companies that were utterly walloped over the previous quarter. Plant shutdowns — particularly in China — led to a 90% year-over-year drop in profits for the quarter. Foxconn had already attempted 
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