Taiwan's Foxconn, the world's largest iPhone assembler, reports a 9.6% Q1 revenue decline due to sagging iPhone sales, primarily in China.
Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, reported a 9.6% decline in first-quarter revenue to NT$1.32 trillion, impacted by sagging iPhone sales, particularly in China. Despite this, Foxconn anticipates a year-on-year revenue growth in the second quarter, highlighting the first quarter's traditional off-peak season for smartphone parts manufacturers.
April 05, 2024
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