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HNHPF / iPhone maker Foxconn treading carefully as smartphone sales falter

Foxconn, the maker of Apple Inc (NASDAQ:AAPL)'s iPhones, has issued caution as demand for smartphones falters on the back of economic uncertainty. Though the Taiwan-based supplier beat analysts' expectations, a 1% drop in second-quarter net profit to T$33 billion (US$1.0 billion) was the best it could muster owing to the slump. Read More

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Posted: Aug 14 2023, 08:18

Author Name: Proactive Investors

HNHPF News

By Bloomberg Markets and Finance
November 1, 2023

Foxconn's Big Bet on Electric Vehicles

Hon Hai Precision Industry Co., better known as Foxconn, is one of the world's most important manufacturers, producing devices including Apple Inc.'

By TechXplore
October 30, 2023

Taiwan's Foxconn calls for 'confidence' in wake of Chinese tax probe

Taiwan-based tech giant Foxconn said Monday its current operations were "normal", calling for confidence in the company after a tax probe launched by

By Business Insider
October 25, 2023

China's crackdown on Foxconn, one of Apple's biggest suppliers, shows Beijing is willing to sacrifice its economy for political power

China has launched investigations into Taiwan's Foxconn over its land use in mainland China. Experts say the move against the key Apple supplier may b

By Yahoo Finance
October 23, 2023

Foxconn faces tax audit, land use investigation from China

Apple (AAPL) iPhone manufacturer Foxconn Technology (2354.TW) is facing a tax audit and a probe into its land use by the Chinese government. Yahoo Fin

By TechXplore
October 23, 2023

Taiwan defends Foxconn over China tax probe

Taiwan defended tech giant Foxconn on Monday after China launched an investigation into several of the firm's sites, saying that Taiwanese businesses

By Business Insider
October 23, 2023

China is a stormy place to do business right now after shock exec arrests and Foxconn probes

Recent events in China should rattle anyone looking to do business there. On Monday, authorities launched several investigations into Taiwanese Apple

By Proactive Investors
October 23, 2023

China launches investigation into iPhone maker Foxconn

Taiwan-headquartered iPhone manufacturer Foxconn is under investigation by Chinese mainland tax authorities, according to state media reports. Sources

By Barrons
October 23, 2023

Foxconn Hit by Chinese Probe. Why the iPhone Maker Is in China's Sights.

Foxconn, also known as Hon Hai Precision Industry, was subjected recently to searches by Chinese authorities, according to China's state-run Global Ti

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