Apple supplier Foxconn’s Q2 profit slips 1%, better than forecasts

TAIPEI: Apple Inc supplier Foxconn reported on Monday a 1% drop in second-quarter net profit, as global economic woes hurt demand for smart consumer electronics.

The Taiwanese company, the world’s largest contract electronics maker, said net profit for the April-June quarter slipped to T$33 billion from a revised T$33.29 billion in the same period the previous year.