Foxconn reports profit decline of 89% YoY to $70M in Q1 with revenue down 12% YoY, as the coronavirus froze much of its China production and demand slumped (Debby Wu/Bloomberg)

Debby Wu / Bloomberg:
Foxconn reports profit decline of 89% YoY to $70M in Q1 with revenue down 12% YoY, as the coronavirus froze much of its China production and demand slumped  —  - Hon Hai's net income dived 89% in virus-hit first quarter  — Apple's main partner drives home extent of global malaise

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