Future Tech
Foxconn shares fall after Apple supplier's Q1 profit plunges
TAIPEI - Shares of Foxconn fell more than 2% on Friday after the Apple Inc supplier's quarterly profit missed forecasts and it cited a big writedown from its stake in Japan's Sharp Corp for the loss.
The stock of Foxconn, the world's largest contract electronics maker, slid 2.4% in early trade, while Sharp's shares plunged 7%.
- Reuters
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