Foxconn Posts $226 Million Loss On Declining Smartphones Orders

Posted: Aug 29 2012, 11:25am CDT | by , in News | Mobile Phones


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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.

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.

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Tech and Car expert Shane McGlaun (Google) reports about what's new in these two sectors. His extensive experience in testing cars, computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
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