Foxconn Q1 revenue drops 9.6% y/y, sees growth in Q2


A woman walks past the logo of Foxconn outside a company's building, in New Taipe City, Taiwan December 22, 2022. REUTERS/Annabelle Chih/File Photo

TAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, on Friday reported first quarter revenue fell 9.6% year-on-year, but predicted second quarter revenue would rise year-on-year.

(Reporting by Ben Blanchard; Editing by Muralikumar Anantharaman)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Smartphone on your kid’s Christmas list? How to know when they’re ready.
A woman's Waymo rolled up with a stunning surprise: A man hiding in the trunk
A safety report card ranks AI company efforts to protect humanity
Bitcoin hoarding company Strategy remains in Nasdaq 100
Opinion: Everyone complains about 'AI slop,' but no one can define it
Google faces $129 million French asset freeze after Russian ruling, documents show
Netflix’s $72 billion Warner Bros deal faces skepticism over YouTube rivalry claim
Pakistan to allow Binance to explore 'tokenisation' of up to $2 billion of assets
Analysis-Musk's Mars mission adds risk to red-hot SpaceX IPO
Analysis-Oracle-Broadcom one-two punch hits AI trade, but investor optimism persists

Others Also Read