Foxconn reports Q4 revenue down 5.7% YoY to ~$59B, as cloud and networking demand falls, net profit up 33% YoY to $1.69B, and expects flat 2024 consumer demand (Kosaku Narioka/Wall Street Journal)
Foxconn reports Q4 revenue down 5.7% YoY to ~$59B, as cloud and networking demand falls, net profit up 33% YoY to $1.69B, and expects flat 2024 consumer demand (Kosaku Narioka/Wall Street Journal) https://bit.ly/3ViN4Zo
Kosaku Narioka / Wall Street Journal:
Foxconn reports Q4 revenue down 5.7% YoY to ~$59B, as cloud and networking demand falls, net profit up 33% YoY to $1.69B, and expects flat 2024 consumer demand — Revenue fell on lackluster demand for cloud and networking products and a slowing personal-computer market
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