Foxconn Profits Rise As Japan Display Hits Five Years Of Losses
Two Apple suppliers yesterday delivered their earnings reports, with rather different outcomes. The reports saw Foxconn profits rise significantly while Japan Display hit five straight years of losses. While Foxconn’s fortunes are strongly tied to those of Apple, its strong Q3 performance may be despite, rather than because of, the Cupertino company … Apple recently reported a 9.2% fall in iPhone revenue. But although Foxconn relies on the Cupertino company for around half its revenue – the iPhone making up the bulk of it – the contract manufacturer saw its own revenue hold steady, while profits were up 23%....