Foxconn revenues drop in February
Year-over-year, Foxconn's February revenue dropped 22.10% from the prior year's figure. For January through February, Foxconn reported revenue of NT$548.587 billion ($18.46 billion USD) which is a decline of 14.71% from last year's two month total. Analysts blame the decline partially on the Lunar New Year, which took place in the middle of the month and disrupted production. And of course, there is the decreased smartphone shipments that took place during the month, which is the bottom line reason for the poor revenue numbers.