Foxconn expects Q1 revenue drop after slower Q4 demand

— Reuters

TAIPEI: Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, said on Friday it expected an on-year drop in first quarter revenue coming off a high base, after slower market demand hit the previous quarter.

The first quarter is traditionally quieter than the previous one, the season when Taiwan's tech companies race to supply smartphones, tablets and other electronics to major vendors such as Apple for Western markets' year-end holiday period.