Friday, May 15, 2020
iPhone Assembler Foxconn Posts Near 90% Drop in First Quarter Profit
Apple’s main iPhone assembler Foxconn posted an almost 90 percent drop in first-quarter profit on Friday, as the impact of the global health crisis hit production demand from clients (via Reuters). But the Taiwanese electronics manufacturer said the worst was over, and the company would “stabilize in the second quarter,” adding that it expects revenue to show double-digit growth in comparison 
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