Apple supplier Foxconn posts unexpected second quarter profit | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Apple supplier Foxconn posts unexpected second quarter profit

Taipei

Foxconn, the world’s largest contract electronics manufacturer, reported a better-than-expected quarterly profit on Wednesday, as rising telecommuting demand amid the coronavirus pandemic offset slowing smartphone sales. Foxconn, whose clients include tech giants such as Apple, reported a net profit of T$22.9 billion ($778.54 million) for the second quarter ended June.