Foxconn International Holdings Registers $226 Million Loss Due To Dismal Phone Orders

Foxconn International Holdings Ltd, a Foxconn Technology subsidiary, reported a $226.07 million loss, its highest-ever first-half net loss. Even though it is the largest contract maker of mobile phones in the world, it is largely dependent on the results of its partners. Important clients such as HTC, Nokia, Huawei, Sony Mobile and Motorola posted very disappointing results. As a result, Foxconn International Holdings suffered a decline of manufacturing orders. Last year, the company suffered a much smaller $18 million loss. It is important to note that Foxconn International Holdings does not manufacture Apple, Microsoft, Amazon or Nintendo products. Those devices are manufactured by Foxconn Technology.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/oj0PlMAkT4U/

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