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RSS FeedsiPhone maker Foxconn sees its Q1 sales fall 12% likely thanks to pandemic
(iMore iPhone)


6 april 2020 18:26:30

iPhone maker Foxconn sees its Q1 sales fall 12% likely thanks to pandemic
(iMore iPhone)

What you need to know Foxconn has released its Q1 2020 reports. It saw a 7.7% fall in sales in March. That meant a 12% fall for the quarter. No surprises here. Apple`s iPhone production partner Foxconn has reported a 12% fall in sales for the first quarter of the year - compared to 2019 - according to a Reuters report. It`s thought that the ongoing coronavirus situation is the main cause of the fall, with Foxconn forced to close up shop in China as the virus took hold. In that regard, a reduction in sales shouldn`t come as a surprise, although it was always a matter of how far they would fall. Foxconn reportedly saw a fall of 7.7% in March alone, raking in around $11.5 billion on sales. The world`s largest contract electronics maker reported revenues of T$347.7 billion dollar ($11.51 billion) in March, falling from T$376.6 billion from a year earlier, it said in a filing to the Taiwan stock exchange on Monday. January-March revenue totalled T$929.7 billion, down b...

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