caLogo

TAIWAN – Foxconn reported second quarter revenue of $37.9 billion, up 7.4% year-over-year.

Net profit for the quarter dropped 2.5% to $541.5 million, as a result of Apple’s weak iPhone sales, according to reports.

During the quarter ended June 29, iPhone sales reportedly slowed 12% as a result of customers retaining smartphones longer and because of competition from Chinese producers offering lower-price, feature-rich handsets.

 

Register now for PCB West, the leading conference and exhibition for printed circuit board design! Coming Sept. 9-12 to the Santa Clara Convention Center. pcbwest.com

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article