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News of Bahrain
Business12 August 20201 min read

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 A

Editorial Team Legacy

Published 12 August 2020, 8:00 · Updated 21:27

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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.

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