iPhone X guts Foxconn profits

www.cultofmac.com /
iPhone X guts Foxconn profits

Production issues with the iPhone X caused Apple’s biggest supply partner to suffer its biggest decline in profits in nearly a decade. Hon Hai Precision Industry Co., aka Foxconn, posted its latest earnings today and disappointed investors by posting a 39 percent decline in net income compared to the same quarter last year. Delays in

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Foxconn reported its largest year-over-year earnings decline in a decade because of the initial iPhone X production problems. Via Bloomberg, Hon Hai Precision Industry Co. (Foxconn) profits fell to $700 million in calendar Q3, a 40% decline compared to the same quarter in the previous year.

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Hon Hai Precision Industry Co. posted its biggest earnings decline in almost nine years as technical hiccups disrupted production of Apple Inc.'s 10th-anniversary iPhone. Apple's main device-assembler reported a 39 percent decline in net income to NT ...

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Foxconn’s profits fell to $700 million last quarter, a 39 percent year-over-year decline from the $1.09 billion it pulled in during last year’s third quarter. It’s the Taiwanese assembler’s largest drop since the global recession, and it’s all due to the initial iPhone X production problems, as Foxconn relies on Apple for more than half of its business.

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www.brecorder.com /

TAIPEI: Taiwanese tech giant Foxconn said Tuesday its third-quarter profit dropped by more than a third, dragged by costs associated with producing the latest iPhone model. Also known as Hon Hai, the firm is the world’s biggest contract electronics maker and assembles Apple’s iPhones. Its net income in July-September fell 39.3 percent from a year Read More

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www.reuters.com /

Taiwan's Foxconn, the world's largest contract electronics manufacturer, has reported a worse than expected 39 percent decline in quarterly profit, hit by production issues involving Apple Inc's new iPhone X. Silvia Antonioli reports.

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www.usatoday.com /

Taiwan's Foxconn, the world's largest contract electronics manufacturer, has reported a worse than expected 39 percent decline in quarterly profit, hit by production issues involving Apple Inc's new iPhone X. Silvia Antonioli reports.

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Taiwan's Foxconn, the world's largest contract electronics manufacturer, has reported a worse than expected 39 per cent decline in quarterly profit, hit by production issues involving Apple Inc's new iPhone X. — Reuters

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www.phonearena.com /

Taiwanese company Foxconn, the main assembler of Apple products, reported a 39% slump in quarterly net profits. According to The Wall Street Journal, such a drop in margins was expected, but the results are notably worse than what analysts predicted. Foxconn hasn't experienced such a quarter-over-quarter decline since the global recession of 2008.