Tag: Foxconn

Foxconn December Revenue Dips, First Time in 10 Months

Taiwan’s Foxconn, a key Apple supplier, reported a 8 percent fall in its December revenue on Thursday, dampening its performance in 2018 amid tepid demand for electronics. Foxconn, formally known as Hon Hai Precision Industry Co, said in a stock exchange filing that revenue fell 8.3 percent to TWD 619.3 billion ($20.12 billion) in December. It […]

Foxconn’s FIH Mobile Reports Widened Loss on Weaker Demand in China

Handset manufacturer FIH Mobile Ltd’s first-half losses widened on Friday due to bleak demand from smartphone vendors and said it will closely monitor escalating Sino-US trade tensions. FIH Mobile, a unit of Taiwan’s Foxconn, the trading name of Hon Hai Precision Industry Co, widened its net loss to $348.1 million (roughly Rs. 2,400 crores) in the first […]