Apple supplier Foxconn reported a 56% decline in first-quarter net profit, its biggest quarterly fall in three years, falling short of forecasts.Foxconn posts profit lossDuring the January-March quarter, Foxconn disclosed a decline in net profit to T$12.8 billion from T$29.45 billion in the corresponding period last year, which was significantly below the average projection of T$29.18 billion in profit by analysts, according to Reuters. Read more
