Apple supplier Foxconn’s profit beats view, sees smartphone demand off lows

Foxconn, the world’s largest contract electronics manufacturer (2317.TW), posted a better-than-expected quarterly profit and forecast its smartphones business would see sustained revenue weakness but at a slightly slower pace this quarter. The Taipei-based company, however, is expected by analysts to boost its revenue recovery in the months ahead, underpinned by the expected launch in autumn […]

Continue Reading