Taiwan's Foxconn posted a 23% rise in quarterly profit on Wednesd...
) reported better-than-expected earnings thanks to solid sales of mobile devices such as wearables.
Foxconn, the world’s largest contract electronics manufacturer, reported a net profit of T$30.7 billion for the July-September quarter, versus an average forecast of T$27.75 billion by 12 analysts compiled by Refinitiv.The outlook for Foxconn has improved after Apple gave a positive forecast last month for the year-end holiday shopping quarter.
More U.S. tariffs against China are set to take effect on Dec. 15, although officials from both sides said they have agreed to roll back tariffs on each others’ goods if a “phase one” trade deal can be negotiated.
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