Pictured here’s a Foxconn manufacturing facility in Zhengzhou metropolis on Sept. 4, 2021.
Vcg | Visible China Group | Getty Pictures
Apple iPhone producer Foxconn on Friday posted a dip of 9.6% in income for the primary quarter of 2024, in comparison with the identical interval final 12 months.
The corporate, which trades as Hon Hai Precision Trade in Taiwan, recorded a first-quarter income of 1.32 trillion New Taiwan {dollars} ($41.2 billion), which was additionally 28.58% decrease in comparison with the fourth quarter of final 12 months. It was additionally under economists’ expectations in an LSEG ballot.
Nonetheless, the corporate expects income to develop within the second quarter, regardless of noting that it “stays a standard off-peak season.”
