Apple retailer Foxconn’s sales down 7.7% in March

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HONG KONG (Reuters) – Sales during Taiwan’s Hon Hai Precision Industry, a pivotal retailer of Apple Inc’s products famous by a trade name Foxconn, were down by 7.7% in March.

The world’s largest agreement wiring builder reported revenues of T$347.7 billion dollar ($11.51 billion) in March, descending from T$376.6 billion from a year earlier, it pronounced in a filing to a Taiwan batch sell on Monday.

January-March income totalled T$929.7 billion, down by 12.0% from a prior year, a filing showed.

Last month, Foxconn reported a 23.7% tumble in distinction in a final 3 months of 2019 as it braced for a impact from a coronavirus pestilence that strike direct from pivotal customers.

(Reporting by Twinnie Siu; Editing by Alison Williams)

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