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iPhone maker Foxconn’s revenue has fallen

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Demand for electronics products across the world has fallen. Foxconn, Apple’s biggest supplier, says its revenue has fallen. Foxconn’s sales fell 11.65 percent last month compared to the same period in 2022.

In a statement on Sunday, iPhone maker Foxconn said its revenue fell from February last year due to “conservative customer pull” in computing, consumer smart electronics, cloud and networking products. News – BBC.

The company posted $13 billion in revenue in February, the second highest in the company’s history for the month. The company believes that the potential earnings for the first quarter of 2023 are roughly in line with market expectations.

According to Foxconn, the largest iPhone factory in Zhengzhou, China is trying to recover from the effects of the corona epidemic. The company is now trying to start operations in India.

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