OpenELEC Forum
Foxconn made quarterly profit "lowest in 20 years": hoping to return to normal in the - Printable Version

+- OpenELEC Forum (https://forum.openelec.tv)
+-- Forum: Off Topic (https://forum.openelec.tv/forumdisplay.php?fid=66)
+--- Forum: MISCELLANEOUS (https://forum.openelec.tv/forumdisplay.php?fid=67)
+--- Thread: Foxconn made quarterly profit "lowest in 20 years": hoping to return to normal in the (/showthread.php?tid=99828)



Foxconn made quarterly profit "lowest in 20 years": hoping to return to normal in the - melada - 05-18-2020

Foxconn made quarterly profit "lowest in 20 years": hoping to return 
to normal in the 2nd quarter

[Image: foxconn.jpg]

Apple's iPhone production company Foxconn has revealed its first quarter profit 
(January - March 2020), the lowest in 20 years, as a result of the need to temporarily 
shut down operations in China. Due to the COVID-19 virus crisis and key customers 
like Apple also reduced product demand.

Foxconn reported a net profit of $ 70.3 million, a decrease of 90% compared to 
the same period in 2019, and the lowest quarterly net profit since 2000.

However, Foxconn has predicted that The company's situation will begin to return to 
normal in the 2nd quarter (April-June) of 2020, with profits going back. But may not be 
very high when compared to the same period in 2019



Access the details of this story here. : slotxo