iPhone Assembler Foxconn Reports One-Percent Drop in Q2 Net Profit Amid Weak Global Demand for Electronics

iPhone Assembler Foxconn Reports One-Percent Drop in Q2 Net Profit Amid Weak Global Demand for Electronics

Apple supplier Foxconn reported on Monday a 1 percent drop in second-quarter net profit, as global economic woes hurt demand for smart consumer electronics. The Taiwanese company, the world’s largest contract electronics maker, said net profit for the April-June quarter slipped to TWD 33 billion (roughly Rs. 8,578 crore) from…