TAIPEI :Apple Inc supplier Foxconn reported on Wednesday a 10 per cent fall in fourth-quarter net profit from a year earlier, as production at its biggest iPhone factory was disrupted by China's strict COVID-19 rules.
The Taiwanese company said net profit for the October-December quarter fell to T$40 billion from T$44.4 billion in the same period the previous year. In the fourth quarter, revenue for its key consumer electronics products was flat compared to a year ago, the company said in a statement, without elaborating. The group includes smartphones and makes up more than half of its total revenue.
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