For the company’s last three-month earnings report prior to the Apple iPhone 8 “era,” contract manufacturer Foxconn disappointed global financial professionals and investors by reporting lower than expected profits for the calendar second quarter. Foxconn is known for assembling various devices, none more famous or popular than the Apple iPhone. There is speculation that the tenth anniversary iOS handset, a premium model, is already undergoing mass production inside certain Foxconn facilities.
For the quarter ended in June, Foxconn reported net of $589 million USD. That is a 25% shortfall … – Source