Apple Supplier Foxconn Reports 20% Drop in December Revenue

Apple supplier Hon Hai Precision Industry, which goes by the trade name Foxconn, has reported a 20% drop in revenue for December 2015, reports Reuters. The news comes as analysts and industry sources are predicting slowing shipments of the iPhone 6s.Analysts said Hon Hai’s results could be an indicator of demand for Apple’s products in the first quarter of this year, but added that period was not normally a peak selling season and past iPhone cycles had followed a similar pattern, where an interim update on a model edition tends to see slower sales.Hon Hai’s revenue in December was T$409.65 billion ($12.3 billion). That’s down over 20% from a year ago and from November. Total revenue for the year was T$4.48 trillion, up 6.42%, but short of the 7% analysts were expecting. The company said that December sales were as expected.Share Article:Facebook,   Twitter,   LinkedIn,   Google Plus,   Email,   Reddit,   Digg,   Delicious,   StumbleUponFollow iClarified:Facebook,   Twitter,   LinkedIn,   Google Plus,   Newsletter,   App Store,   YouTubeAdvertise Here

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