Foxconn's first-quarter profit plunges on COVID-19 fallout

Foxconn's first-quarter profit plunges on COVID-19 fallout

REUTERS/Tyrone Siu/File Photo

Taiwan’s Foxconn posted an almost 90% drop in firstquarter profit on Friday, as the coronavirus pandemic disrupted production and hit demand from Apple Inc and other major clients.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter