The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

UPDATE 3-Foxconn's Q3 profit tumbles after iPhone X production hurdles

Contributed by NAMPA / Reuters.

* Q3 net profit tumbles 39 pct to $700 mln
* Result was some 42 pct below average analyst estimate
* Q4 expected to see recovery on iPhone ramp-up - analysts
(Recasts, add milestones for profit declines)
By Jess Macy Yu
TAIPEI, Nov 15 (Reuters) - Taiwan's Foxconn
reported a 39 percent slide in quarterly profit, far worse than
expected, as the assembler of Apple Inc products saw
margins squeezed by production bottlenecks for the iPhone X.
While the 10th a ...

 

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