As sales of the iPhone decline faster, assembler Foxconn's profit is falling as well
Beijing—Foxconn Technology Group’s profit fell about 17.7% in the first quarter after its biggest customer, Apple Inc., reported an accelerated decline in sales of the iPhone.
Taiwan-based Foxconn said Tuesday that its net profit in the January-to-March quarter was 19.83 billion new Taiwan dollars , lower than the NT$23.05 billion average estimate of analysts polled by FactSet. Its net profit over the same period in 2018 was NT$24.08 billion.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Lyft hints at profit as sales nearly double - Reuters TVQuarterly sales at Lyft surged 95 percent in its first results as a publicly traded company and the ride-hailing app hinted at a future profit. Conway G. Gittens reports.
Weiterlesen »
Nissan set for weakest profit in 11 years as Ghosn woes, bleak sales weighNissan Motor Co forecast a 28% plunge in its annual operating profit, putting it...
Weiterlesen »
Sun Life profit misses estimates as wealth sales fall in Canada unitCanadian insurer Sun Life Financial Inc missed estimates for quarterly earnings ...
Weiterlesen »
Commerzbank first-quarter net profit falls on higher tax burdenGermany's Commerzbank on Wednesday posted a 54 percent drop in net profit i...
Weiterlesen »
Viacom profit beats on cost cuts, success of 'Bumblebee'Media company Viacom Inc beat quarterly profit estimates on Friday, as costs fel...
Weiterlesen »
Siemens posts stronger than expected industrial profitSiemens posted better-than-expected adjusted operating profit from its industria...
Weiterlesen »
New York Times Posts Higher Profit, Adds 223,000 Digital SubscribersThe publisher continued spending aggressively to pursue its goal of reaching 10 million total subscriptions by 2025, adding 223,000 new digital subscribers in the first quarter.
Weiterlesen »
Cannabis stocks tumble with broader market, Cronos surprises with small profitCannabis stocks fell Thursday, swept up in the broader stock market rout as trade tensions between China and the U.S. ramped up after President Donald Trump...
Weiterlesen »
Toshiba reiterates annual profit outlook; LNG risk remainsToshiba Corp reiterated its annual operating profit outlook, predicting a four-f...
Weiterlesen »
Tencent Music charges for more content as paying users drive profit beatChina's Tencent Music Entertainment Group said it had started charging for ...
Weiterlesen »
Singtel stumbles toward lowest profit in 16 years, faces cost pressureSingapore Telecommunications is set to post its lowest annual profit in 16 years...
Weiterlesen »