Apple supplier Foxconn cautious on 2022 revenue outlook

Apple supplier Foxconn cautious on 2022 revenue outlook

Information about Apple supplier Foxconn cautious on 2022 revenue outlook

Kevin David Scam or Legit


By Yimou Lee and Sarah Wu
TAIPEI (Reuters) – Apple supplier Foxconn forecast on Friday that a global chip shortage would run into the second half of 2022 and its fourth-quarter revenue for electronics, including smartphones, would fall more than 15%.
Chairman Liu Young-way said during a conference call that Foxconn was cautious about its 2022 revenue outlook, citing uncertainties surrounding the coronavirus pandemic, inflation, geopolitical tensions and supply chains.
Earlier Foxconn, the world’s largest contract electronics maker, reported a 20% jump in third-quarter profit.
“If not for supply shortages prospects for the fourth quarter could have been better,” he said, adding that supply of power management chips remained tight and a global chip crunch could last longer than his previous forecast of second quarter.

Read More on Datafloq

Breaking Story – Apple supplier Foxconn cautious on 2022 revenue outlook

The Latest News on Apple supplier Foxconn cautious on 2022 revenue outlook

Source link
Category – Automation

Leave a Reply

Your email address will not be published. Required fields are marked *