• Home
  • About Us
  • Contact
  • Whatsapp: +923111339715
  • E-mail: [email protected]
  • Login
  • Register
Education Blog
  • Life Style
    • Music
  • Other
    • Tech
    • Gaming
    • Video
  • Education
  • History
  • News Week
  • Top Stories
  • Fitness
No Result
View All Result
News Week
No Result
View All Result
Home Tech

Foxconn Reports Q1 Net Profit Rose 5% Yoy to ~ foxconn 985m Q2 but Warns Q2 Revenue Could Slip Due to Rising Inflation, Cooling Demand, and Escalating Supply Chain Issues

GladyShirley by GladyShirley
February 17, 2023
in Tech
0
Foxconn Reports Q1 Net Profit Rose 5% Yoy to ~ foxconn 985m Q2 but Warns Q2 Revenue Could Slip Due to Rising Inflation, Cooling Demand, and Escalating Supply Chain Issues
Share on FacebookShare on Twitter

Foxconn, the world’s largest electronics manufacturer, reported a 5% YoY increase in net profit for Q1, bringing it to around $985 million. However, the company has warned that Q2 revenue could slip due to several factors, including rising inflation, cooling demand, and escalating supply chain issues.

Despite the YoY profit growth, Foxconn’s Q1 revenue was down by 7.7% compared to the previous quarter, which the company attributed to seasonal factors and component shortages. In addition, the ongoing COVID-19 pandemic continues to impact the global supply chain and create uncertainty for the industry.

Looking ahead to Q2, Foxconn expects to face a number of challenges that could impact its revenue, including rising inflation, which could increase the cost of raw materials and labor, and cooling demand, particularly in the smartphone market. The company is also grappling with escalating supply chain issues, including shortages of key components like semiconductors.

Foxconn’s warning comes amid a broader trend of supply chain disruptions across a range of industries, as companies struggle to secure the materials and components they need to manufacture their products. These disruptions have been exacerbated by the ongoing pandemic, which has disrupted transportation and caused delays in production and shipping.

Overall, while Foxconn’s Q1 profits were up YoY, the company’s warning for Q2 highlights the ongoing challenges and uncertainties facing the electronics industry. As the global economy continues to recover from the pandemic, it remains to be seen how supply chain disruptions and other factors will impact the industry in the months and years to come.

Previous Post

[pii_email_623b1640f5f21026ae5d] Error Code Solved

Next Post

All About Qa Alex Stamos Helloworld

GladyShirley

GladyShirley

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Archive

Most commented

[pii_pn_3dc6bfbcd9c469e727a8] Error Code Solved.

Find out more about 5120x1440p 329 NY city background.

7 tips for online dating this new year

5120x1440p 329 f1 image – A Fantastic Image for Your Collection.

The Biggest Lie In 5120X1440P 329 BATTLEFIELD V IMAGE.

5 Must-Know 5120x1440p 329 Portal 2 Images Practices for 2023.

ADVERTISEMENT
News Week

Newsweek.top is an online news platform dedicated to providing high-quality, trustworthy, and insightful news coverage across a variety of topics, including politics, world news, science, technology, and entertainment. Our team of experienced journalists and editors are committed to delivering timely and accurate news stories and analysis, while also offering in-depth reporting and investigations into important issues shaping our world.

Recent News

[pii_pn_3dc6bfbcd9c469e727a8] Error Code Solved.

[pii_pn_3dc6bfbcd9c469e727a8] Error Code Solved.

March 26, 2023
Find out more about 5120x1440p 329 NY city background.

Find out more about 5120x1440p 329 NY city background.

March 25, 2023

© 2022 News Week.

No Result
View All Result
  • Home
    • Index (Default)
  • About Us
  • Get in Touch
  • Classes
    • Management
    • Teaching
    • Stories
    • Learning
    • Studying
    • Remedy
  • Pages
    • Category
    • Author
    • Article
    • Search

© 2022 News Week.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?