iPhone Assembler Foxconn’s April Sales Fall 12 Percent On Slow Smartphone Business

iPhone Assembler Foxconn’s April Sales Fall 12 Percent On Slow Smartphone Business

Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler, said on Friday revenue in April fell 11.77 percent year-on-year due to weakness in smart consumer electronics, and expected business to drop this quarter. Foxconn said revenue last month reached T$429.2 billion (roughly Rs. 1,31,200 crore), in line…