Key Points
Overall, revenues for the second quarter would fall, while full-year revenues would be flat, the Taiwanese company said..
Foxconn earlier this year forecast revenue to be flat for 2023...
Apple Inc supplier Foxconn reported on Thursday a 56% plunge in first-quarter net profit, lagging forecasts in its biggest quarterly fall in three years, as global economic woes hurt demand for smart consumer electronics...
The Taiwanese company, which is the worlds largest contract electronics maker, said net profit for the January-March quarter fell to T$12.8 billion ($417.17 million) from T$29.45 billion in the same period the previous year...
Looking ahead, we expect the 2023 performance to be lacklustre because of the likely share loss on new iPhones on the clients production diversification strategy, coupled with upfront costs on new investments, analysts at Taipei-based Daiwa Capital Markets wrote in a report in May...
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