Home Stocks Foxconn Q1 revenue drops 9.6% y/y, sees growth in Q2

Foxconn Q1 revenue drops 9.6% y/y, sees growth in Q2

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A woman walks past the logo of Foxconn outside a company's building, in New Taipe City, Taiwan December 22, 2022. REUTERS/Annabelle Chih/File Photo

Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple (NASDAQ:AAPL)’s biggest iPhone assembler, on Friday reported first quarter revenue fell 9.6% year-on-year, but predicted second quarter revenue would rise year-on-year.