| Foxconn Int’l Posts Largest-Ever Loss in 2012 |
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| Written by Chelsey Drysdale | |||
| Thursday, 21 March 2013 17:32 | |||
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TAIPEI – Cellphone ODM Foxconn International Holdings posted a net loss of $316.4 million in 2012 as a result of weak orders from some of its major customers. The firm reported a net profit of $72.8 million in 2011. The business, a subsidiary of Foxconn Technology Group, saw lower-than-expected sales from Amazon and Apple and lower margins from Xiaomi and Huawei, said Dale Gai, analyst at Barclays Research.
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