foxconn apple

Taiwan's Foxconn, the world's largest contract electronics maker and major iPhone assembler for Apple, said on Monday that revenue in May fell 9.5 percent year-on-year due to weakness in smart consumer electronics during the traditional low season.Foxconn, formally called Hon Hai Precision Industry, said revenue last month reached TWD 450.7 billion (roughly Rs. 1,21,300 crore), in line with its expectations, though it was up 5 percent compared with April.For smart consumer electronics products, which include smartphones…

Taiwan's Foxconn, the world's largest contract electronics maker and major iPhone assembler, said on Friday revenue in April fell 11.77 percent year-on-year due to weakness in smart consumer electronics, and expected business to drop this quarter.Foxconn said revenue last month reached T$429.2 billion (roughly Rs. 1,31,200 crore), in line with the company's own expectations.For smart consumer electronics products, which include smartphones and are the company's main business driver, revenue in April declined as it entered…