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Apple’s biggest supplier suffers disappointing Q1 profits

[2019-05-15 13:15:03]

Foxconn is Apple’s biggest supplier, and the world’s largest contract manufacturer. However, that wasn’t enough to stop it from underperforming in its latest quarterly earnings. The company, whose official title is Hon Hai Precision Industry, reported net profits of T$19.82 billion ($637.26 million) for the first three months of 2019. That might sound good, but ...

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