Foxconn posts 23% Q3 profit rise, forecasts marginal core business growth

Topics Foxconn | Apple  | Tech firms


Taiwan's Foxconn, a key supplier to Apple Inc, posted a better-than-expected 23% rise in quarterly profit on Wednesday and forecast slight growth in its core business next year. The latest solid showing from the world's largest contract electronics manufacturer should ease investor concerns over weak global demand, as it comes on the heels of Apple's positive earnings forecast for the year-end holiday quarter.

But the protracted Sino-U.S. trade war has kept global tech firms on their toes, prompting some to warn of lower.....

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