Foxconn recovering from coronavirus with better than expected profits
Apple supplier Foxconn has reported second quarter revenues of $778.54 million, considerably above predictions. The company credits coronavirus telecommuting demand for the increase.
Following a slow recovery from the impact of the coronavirus, Foxconn’s latest quarterly profits have exceeded expectations. With a net profit of $778.54 million, for the quarter ending June 2020, Foxconn’s results are 34% higher than for the same quarter pre-COVID-19 in 2019.