Foxconn sees sales drop 19 percent in first quarter
Foxconn, the manufacturing company best known for producing iPhones and iPads, saw sales drop considerably during the first quarter.
According to Reuters, which obtained a copy of the company's financials during the three-month period ending March, Foxconn saw its sales drop 19 percent to 808.9 billion Taiwan new dollars ($26.9 billion). During the same period last year, Foxconn's revenue hit 1 trillion Taiwan new dollars.
The bad news for Foxconn didn't stop there. The company said that its second-quarter revenue would be relatively flat compared to the prior period, and it might have trouble maintaining … Read more