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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 consum


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2024-03-14 09:39:10
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Cybersecurity Business

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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




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



Source: TechMeme
Source Link: http://www.techmeme.com/240314/p10#a240314p10


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