
Foxconn Posts Record Profit Despite First-Ever Sales Decline
For the first time since it went public in 1991, Foxconn reported a year-on-year decline in revenue in 2016 that it attributed to weaker demand from Apple, according to a new report from the Wall Street Journal. The company’s revenue fell 2.81 percent in the year despite a 9.76 percent year-on-year increase in December. Foxconn’s decline in annual...