Foxconn, the manufacturing company best known for producing iPhones and iPads, saw sales drop considerably during the first quarter.
According to Reuters, which obtained a copy of the company's financials during the three-month period ending March, Foxconn saw its sales drop 19 percent to 808.9 billion Taiwan new dollars ($26.9 billion). During the same period last year, Foxconn's revenue hit 1 trillion Taiwan new dollars.
The bad news for Foxconn didn't stop there. The company said that its second-quarter revenue would be relatively flat compared to the prior period, and it might have trouble maintaining … Read more