Foxconn reports lowest quarterly profit in 20 years, predicts return to stability in Q2
Foxconn’s quarterly profit has hit a two-decade low in Q1 this year as the company was forced to cease operations in China amidst the coronavirus pandemic and demand from key customers such as Apple was on the low. The company reported a net profit of $70.3 million, a 90% plunge year-on-year, the lowest figure since…