Apple iPhone supplier Foxconn earns $1 billion profits in first quarter

Electronics manufacturer Foxconn, which makes Apple's iPhone 12 range, has reported earning over $1 billion in the first quarter of 2021, beating industry expectations.Hon Hai Precision Industries owns FoxconnShortly after reporting a 44% rise in first-quarter revenues because of working from home demand, Foxconn has now announced that it made $1 billion profit over the same period. Read more...