FILE PHOTO: People wear masks to protect themselves from the coronavirus disease (COVID-19) while listening to the annual general meeting at the lobby of Foxconn’s office in Taipei, Taiwan, June 23, 2020. REUTERS/Ann Wang
March 16, 2022
By Yimou Lee and Ben Blanchard
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker that counts Apple as a major client, reported a 6% fall in revenue, its first in five quarters, hurt by a drop in sales of consumer products including smartphones.
The company had predicted an up to 15% year-on-year fall in revenue for the fourth-quarter citing the impact of a year-long shortage of chips that has disrupted production at companies from Apple to GM.
In the fourth quarter, revenue from Foxconn’s key smart consumer and electronics products business that includes smartphones, fell between 3% to 15%, Foxconn…
