Foxconn reports Q4 revenue down 10% YoY to ~$64.5B and $1.3B net income, slightly below estimates, and forecasts slumping consumer electronics demand in 2023 (Debby Wu/Bloomberg)

Debby Wu / Bloomberg:
Foxconn reports Q4 revenue down 10% YoY to ~$64.5B and $1.3B net income, slightly below estimates, and forecasts slumping consumer electronics demand in 2023  —  Hon Hai Precision Industry Co. reported profit that fell just shy of expectations and offered a cautious outlook for this year.

from Techmeme https://ift.tt/eBgaPhW