Foxconn's Q2 net falls 2.5%; US tariffs may pose further challenges

Topics Foxconn

Taiwan’s Foxconn, which makes smartphones for Apple and other brands, reported a 2.5 per cent fall in quarterly profit on Tuesday, a slightly smaller decline than analysts expected. Foxconn, the world’s largest contract electronics manufacturer and formally known as Hon Hai Precision Industry Company, reported a net profit of T$17.

05 billion ($542 million) for the April-June quarter, versus an average forecast of T$16.01 billion according to 14 analysts’ estimates compiled by Refinitiv. The company did not elaborate.

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