Apple supplier Foxconn posts better-than-expected second quarter profit

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Apple supplier Foxconn posts better-than-expected second quarter profit
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Foxconn, the world's largest contract electronics manufacturer , reported a better-than-expected quarterly profit on Wednesday, as rising telecommuting demand amid the coronavirus pandemic offset slowing smartphone sales.

FILE PHOTO: People wear masks to protect themselves from coronavirus disease , while listening to the annual general meeting at the lobby of Foxconn's office in Taipei, Taiwan, June 23, 2020. REUTERS/Ann Wang

Foxconn, whose clients include tech giants such as Apple AAPL.0, reported a net profit of T$22.9 billion for the second quarter ended June.

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