Foxconn’s sales down 7.7% in March

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Foxconn, a key supplier of Apple products has announced that sales were down by 7.7% in March.

The company is the world’s largest contract electronics maker. It reported revenues of $ 11.5 billion in March, according to a filing to the Taiwan stock exchange.

According to the company revenues in the January-March period were down by 12.0% from the previous year.

Last month, Foxconn reported a 23.7% fall in profit in the last three months of 2019 as it braced for the impact from the coronavirus pandemic that has been hitting demand from its key customers.

Author
Neil Tyler

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Read more here: New Electronics News

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