Foxconn articles
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Foxconn forecasts Q2 rebound
Contract manufacturer Foxconn stood by an earlier optimistic Q2 revenue guidance after sales in March rebounded, following sharp year-on-year declines in the first two months of 2024.
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Foxconn considers rotating CEOs in management reshuffle
Apple supplier Foxconn is considering introducing a rotating chief executive system in a major overhaul of its management structure designed to nurture future talent, three sources briefed on the matter told Reuters. For companies around the world, the rotating chief executive structure is uncommon, but analysts say it can promote teamwork and prevent leadership from becoming entrenched, as well as developing a next generation of talent. One of the sources said the plan was a response to...
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Apple supplier Foxconn expects revenue growth in Q2 after dip in Q1
Taiwan's Foxconn, the world's largest contract electronics maker and the biggest assembler of Apple's iPhone, said on Friday it expected a rise in second quarter revenue after the previous quarter underperformed market expectations. The first quarter is traditionally quieter than the previous one, the season when Taiwan's tech companies race to supply smartphones, tablets and other electronics to major vendors such as Apple for Western markets' year-end holiday period. Foxconn said in a...