iPhone Assembler Foxconn Reports One-Percent Drop in Q2 Net Profit Amid Weak Global Demand for Electronics
Foxconn, the world’s largest contract electronics maker and a major supplier to Apple, reported a slight drop in second-quarter net profit. The company’s profit for the April-June quarter was TWD 33 billion (roughly Rs. 8,578 crore), down 1 percent from the previous year. Despite the decline, this result was better than the average forecast of …