Foxconn’s third quarter profit tumbles after iPhone X production hurdles


TAIPEI (Reuters) – Taiwan’s Foxconn (2317.TW) reported a 39 percent slide in quarterly profit, far worse than expected, as the assembler of Apple Inc (AAPL.O) products saw margins squeezed by production bottlenecks for the iPhone X. The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen …

Foxconn’s quarterly profit slides 39 percent amid shipment woes

TAIPEI (Reuters) – Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics manufacturer and a major Apple supplier (AAPL.O), posted a 39 percent drop in third-quarter earnings due to later-than-expected product shipments. The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company’s …

Foxconn’s Profit Down 39% Amid iPhone Production Woes

BEIJING—Foxconn Technology Group, the world’s largest contract manufacturer of electronics, posted a 39% drop in quarterly net profit amid production challenges dogging the flagship product of its biggest customer, Apple Inc. Apple’s iPhone X, which Foxconn assembles in China, went on sale Nov. 3, after it was plagued by a …

Taiwan’s Hon Hai quarter profit falls on iPhone X costs

Taiwanese tech giant Foxconn said Tuesday its third-quarter profit dropped by more than a third, dragged by costs associated with producing the latest iPhone model. Also known as Hon Hai, the firm is the world’s biggest contract electronics maker and assembles Apple’s iPhones. Its net income in July-September fell 39.3 …

iPhone production issues hit Foxconn profits

Taiwan company Foxconn Technology has recorded a 39% drop in profit for the quarter ending September compared to the corresponding period a year ago, a fall that appears to be attributable in part to production difficulties with the iPhone. The company, which is known as Hon Hai Precision Industry and …

Foxconn profits plummet 39% following iPhone X production woes

  By Neil Hughes Tuesday, November 14, 2017, 08:26 am PT (11:26 am ET) Apple manufacturing partner Foxconn this week posted a 39 percent year-over-year decrease in net profit, losses that industry watchers attribute to the difficult-to-assemble iPhone X, which remains in limited supply.Foxconn’s earnings reflect its September quarter, when …

iPhone 8 production cut in half, claims supply chain source; AAPL shares drop 2.37%

A supply-chain source in Taiwan claims that Apple has reduced orders for both the iPhone 8 and iPhone 8 Plus by around 50% for November and December. AAPL stock dropped by 1.5% in pre-market trading in response, and was done 2.37% by the end of the day … NordVPN Reuters …

Foxconn’s profits see largest drop since recession as iPhone X production stalls

Foxconn’s profits see largest drop since recession as iPhone X production stalls  The VergeFoxconn profits plummet 39% following iPhone X production woes  AppleInsider (press release) (blog)iPhone production issues hit Foxconn profits  iTWireFull coverage