Pictured here’s a Foxconn manufacturing unit in Zhengzhou metropolis on Sept. 4, 2021.
Vcg | Visible China Group | Getty Photographs
Apple iPhone producer Foxconn on Friday posted a dip of 9.6% in income for the primary quarter of 2024, in comparison with the identical interval final yr.
The corporate, which trades as Hon Hai Precision Business in Taiwan, recorded a first-quarter income of 1.32 trillion New Taiwan {dollars} ($41.2 billion), which was additionally 28.58% decrease in comparison with the fourth quarter of final yr. It was additionally beneath economists’ expectations in an LSEG ballot.
Nonetheless, the corporate expects income to develop within the second quarter, regardless of noting that it “stays a conventional off-peak season.”
