07 April 2020
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.
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Read more here: New Electronics News