Today's Hard|Forum Post
Today's Hard|Forum Post

Sunday September 02, 2012

Foxconn International Posts Worst-Ever 1H Losses

Foxconn International is feeling the effects of the worldwide economic slowdown just like the rest of international suppliers. The world’s largest manufacturer of mobile handsets reported and this week a first half loss of $226 million. Foxconn International makes handsets for Nokia, Motorola and HTC, all of whom have reported declining sales this year.

Apart from Apple and Samsung, nearly all vendors posted disappointing results in the first half. As FIH's clients mostly are using Android systems in their mobile phones, Samsung's loss in the Apple patent lawsuit may "further hit the sales of mobile phone sales with Android systems"