Foxconn revenue for December fell by 8%, reports the iPhone assembler, citing a large fall in demand in the ‘consumer product category.’
The company didn’t get any more specific than that, but in the light of Apple’s guidance downgradefor the holiday quarter, reduced demand for iPhones seems the most likely explanation …
Reuters reports the news.
Foxconn, formally known as Hon Hai Precision Industry Co Ltd, said in a stock exchange filing that revenue fell 8.3 percent to T$619.3 billion ($20.12 billion) in December.
It is its first year-on-year monthly revenue dip since February […]
“The main reason is that the fall for consumer category products was rather big,” a company representative told reporters, explaining the reason for December’s revenue dip.
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