TAIPEI – Foxconn reported third quarter revenue down 6.9% year-over-year to NT$1.3 trillion (US$45.3 billion).

Net profit was NT$30.7 billion, up 0.64% year-over-year, thanks in part to a better profit margin.

Consumer electronics and cloud products will likely be better in 2021 compared to 2020, while computing products is likely to be worse, Foxconn says.

Ed.: NT$1 = US$0.035