The picture shows the Foxconn factory in Zhengzhou City on September 4, 2021.
VCG | Visual China Group | Getty Images
Apple iPhone maker Foxconn on Friday down 9.6% Revenues for the first quarter of 2024 compared to the same period last year.
The company, which trades as Hon Hai Precision Industry in Taiwan, Recorded first quarter revenue NT$1.32 trillion (US$41.2 billion), also down 28.58% from the fourth quarter of last year. A London Stock Exchange poll also came in below economists’ expectations.
However, the company expects revenue to grow in the second quarter, although it noted that “it is still a traditional slow season.”
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