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  • Foxconn reports Q1 net profit rose 5% YoY to ~$985M but warns Q2 revenue could slip due to rising inflation, cooling demand, and escalating supply chain issues (Reuters)

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Foxconn reports Q1 net profit rose 5% YoY to ~$985M but warns Q2 revenue could slip due to rising inflation, cooling demand, and escalating supply chain issues (Reuters)

Admin2 years ago2 years ago01 mins
Foxconn reports Q1 net profit rose 5% YoY to ~$985M but warns Q2 revenue could slip due to rising inflation, cooling demand, and escalating supply chain issues (Reuters)

Foxconn reports Q1 net profit rose 5% YoY to ~$985M but warns Q2 revenue could slip due to rising inflation, cooling demand, and escalating supply chain issues  —  Shovel and FoxConn logo are seen before the arrival of U.S. President Donald Trump for the Foxconn Technology Group groundbreaking ceremony.

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Previous: Sources: travel booking site Trip.com, formerly called Ctrip, plans to raise ~$1.09B in its Hong Kong secondary listing; its US shares have risen ~4% this year (Julia Fioretti/Bloomberg)
Next: The NYT overstated the influence of both Slate Star Codex and the Rationalist community on Silicon Valley, and falsely portrayed the tech industry as right-wing (Noah Smith/Noahpinion)

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