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Foxconn December revenue dips, first time in 10 months

Taiwan’s Foxconn, a key Apple supplier, reported a 8 percent fall in its December revenue on Thursday, dampening its performance in 2018 amid tepid demand for electronics. Foxconn, formally known as Hon Hai Precision Industry, said in a stock exchange filing that revenue fell 8.3 percent to T$619.3 billion ($20.12 billion) in December. It is its first year-on-year monthly revenue dip since February. The revenue performance for December compared to consolidated revenue of T$675.1 billion in December last year, which then represented a 50 percent year-on-year rise. “The main reason is that the fall for consumer category products was rather big,” a company representative told reporters, explaining the reason for December’s revenue dip.

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