A motorcyclist rides past the entrance of the headquarters of Hon Hai, which is also known by its trading name Foxconn, in New Taipei City, Taiwan March 29, 2016. REUTERS/Tyrone Siu
TAIPEI: Taiwan’s tech giant Hon Hai said net profit dipped in the fourth quarter, hit by a slowdown in demand for smartphones as key customer Apple warns waning sales of its iPhone.
Net income in October-December fell 6.67% to Tw$52.9bil (RM6.44bil) while revenue slipped 4.69%, the company said in a statement on March 30.
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