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Foxconn reports 56 percent profit shortfall for Q1 2023, offers modest financial expectations for the year

Friday May 12, 2023. 12:15 PM , from Power Page
The numbers aren’t where Foxconn, Apple’s primary supplier, would like them to be. Foxconn recently reported a 56 percent decline for its first-quarter net profit, a number that represented its largest quarterly decline in three years, the company falling far short of forecasts. During the January-March quarter, Foxconn disclosed a decline in net profit to […]
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