© Reuters. FILE PHOTO: Foxconn logo is seen in this illustration taken, May 2, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
TAIPEI (Reuters) – Apple Inc (NASDAQ:) supplier Foxconn reported on Monday a 1% drop in second-quarter net profit, as global economic woes hurt demand for smart consumer electronics.
The Taiwanese company, the world’s largest contract electronics maker, said net profit for the April-June quarter slipped to T$33 billion from a revised T$33.29 billion in the same period the previous year.
It was better than an average forecast of T$25.57 billion profit from 13 analysts, according to Refinitiv.
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