Blame Nokia and HTC
Foxconn is the manufacturer of many of the smartphones we all know from companies such as Apple and others. Foxconn also constructs phones for Nokia and declining orders from Nokia have resulted in a significant loss for the first half of 2012 for Foxconn. Foxconn posted $226 million loss for the first half of 2012.
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That loss is significantly more than $18 million the company had lost during the first half of last year. The reason for the big loss for Foxconn isn't Nokia's fault alone, HTC has also reduced orders because they can't sell devices. Maybe the next generation iPhone will help Foxconn's bottom line.