Foxconn Sees Record Profit Fall as Coronavirus Guts Smartphone Demand

[ad_1] Taiwanese tech giant Foxconn said Friday its first-quarter profit slumped by nearly 90 percent on year as the global pandemic disrupted operations and hammered demand, especially for smartphones. The results lay bare how the coronavirus is battering global supply chains and driven up costs for electronics makers. Also known by its official name Hon …

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