Apple iPhone supplier Foxconn earns $1 billion profits in first quarter

Electronics manufacturer Foxconn, which makes Apple's iPhone 12 range, has reported earning over $1 billion in the first quarter of 2021, beating industry expectations.

Hon Hai Precision Industries owns Foxconn

Shortly after reporting a 44% rise in first-quarter revenues because of working from home demand, Foxconn has now announced that it made $1 billion profit over the same period.

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