Iphone Assembler Foxconn Sees Rise In Holiday Quarter Profits Despite Gloomy Expectations
Among the gloomy predictions being made for iPhone X sales, analysts were predicting that lead iPhone assembler Foxconn would announce declining profits for Q4 2017 … In fact, reports Reuters, it has just announced a 4.2% growth in net profit year-on-year. There have been widespread reports that iPhone X sales were slower than Apple expected in the launch quarter. This led the company to halve orders for the current quarter, giving new impetus by Apple announcing a slight year-on-year decline in iPhone sales in a quarter many had expected to be boosted by the all-new iPhone X design....