Apple supplier Foxconn’s profit slips, warns on ‘materials shortages’

Major Apple Inc supplier Foxconn on Tuesday posted a lower fourth-quarter profit that lagged expectations as the pandemic hit margins, and warned of the impact of “materials shortages” amid tight global chip supplies. The Taiwanese firm, the world’s largest contract electronics maker booked an October-December net profit of T$45.97 billion ($1.61 billion), a 4% decline […]

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