Profits at iPhone Supplier Foxconn Crumble 90% in Q1
Apple's (NASDAQ: AAPL) primary iPhone supplier Foxconn said the COVID-19 pandemic caused first quarter profits to plunge 90% year over year after factories were closed in February.
While profits are also expected to be down in the second quarter, the company anticipates single-digit percentage declines, though Foxconn says it has limited visibility with how the rest of the year will play out.
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Source Fool.com
