Foxconn: iPhone maker sees revenue slump as demand weakens | BBC News


Apple’s biggest supplier Foxconn says its revenue last month fell by 11.65% compared to the same period in 2022 due to weaker demand for electronics.

However, February revenue was more than $13bn (£10.8bn), the second highest figure on record for the month.

Foxconn added that operations at the world’s biggest iPhone factory in the Chinese city of Zhengzhou are recovering from Covid disruptions.

Also over the weekend the firm said it was exploring opportunities in India.

Read More

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s