Apple supplier Foxconn's first-quarter profit jumps 72% but misses forecasts
The Foxconn factory campus in Longhua town, Shenzhen, China.South China Morning Post | South China Morning Post | Getty ImagesApple supplier Foxconn reported a 72% rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base from the period a year earlier, but the growth was lower than expected.The Taiwanese company, the world's largest contract electronics maker, said net profit for the January-March quarter rose to T$22.01 billion ($679 million) from T$12.8 b...
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