Friday 1 April 2011

Foxconn takes surprising $218.3m loss

Foxconn International Holdings, a unit of the Foxconn Technology Group that builds numerous electronics devices, including Apple's iPad, has posted a much larger net loss, at $218.3 million, for 2010 than analysts predicted. This was due to increased costs and lower sales, and resulted in falling shares. In 2009, the company posted a net income of $38.6 million....

Source: http://feeds.macnn.com/click.phdo?i=b771095a0772aaffd58afc813402dd55

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