Due to High Demand for Apple iPhones, Foxconn’s Q1 Net Profit was a record breaker
On the afternoon of May 14th, Beijing time, it was reported by ITHome that Foxconn released its first quarter of 2021 financial report. Revenue increased by 45% year-on-year, and net profit increased from NT$2.1 billion in the same period last year to NT$28.2 billion (About 1 billion U.S. dollars).
The report noted that Affected by the epidemic, Foxconn s net profit in the first quarter of last year was only NT$2.08 billion. But with the economic recovery, Foxconn s net profit in the first quarter of this year reached 28.16 billion Taiwan dollars, higher than the 24.41 billion Taiwan dollars expected by analysts. That s over 13 times year-over-year