Apple supplier Hon Hai’s quarterly profit fell 24% ahead of outbreak
The company has resolved labour shortages and is now back at normal seasonal capacity
30 March 2020 - 17:49
Taipei — Hon Hai Precision Industry’s quarterly profit fell 24% after tepid smartphone demand and US-Chinese tensions depressed sales ahead of the coronavirus outbreak.
Apple’s most important manufacturing partner posted net income of NT$47.8bn ($1.58bn) in the October-December period, based on calculations by Bloomberg News off information Hon Hai has submitted to the local stock exchange. That is down from NT$62.2bn in the same quarter of 2018...
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