Foxconn Revenue Up 7 Year On Year As Company Heads Toward Peak Iphone Production
Foxconn has reported July revenues of NT$315.06 billion (US$10.62 billion), up 7.53% year-on-year. Its revenue would have been even higher but strong consumer electronics income was offset by poorer performance elsewhere in the business … Digitimes reports that market watchers are of course expecting growth to accelerate this month, with strong income through to the end of the year thanks in large part to iPhone production. However, profits were below analyst expectations due to increased operating expenses....