TAIPEI - Apple Inc supplier Foxconn reported on Monday a 1% drop in second-quarter net profit, as global economic woes hurt demand for smart consumer electronics.

The Taiwanese company, the world's largest contract electronics maker, said net profit for the April-June quarter slipped to T$33 billion from a revised T$33.29 billion in the same period the previous year.

It was better than an average forecast of T$25.57 billion profit from 13 analysts, according to Refinitiv.

  - Reuters