Apple supplier Foxconn fourth quarter profit misses estimates

Taiwan’s Foxconn, the world’s largest contract electronics maker which counts technology giants such as Apple Inc among its major clients, reported a fourth quarter profit on Tuesday that lagged market estimates.

The Taiwanese firm reported October-December net profit of T$45.97 billion ($1.61 billion), down 4% compared with the year ago period, the company said in a statement.

($1 = 28.5110 Taiwan dollars)


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