Ceng Shou Yi | Nurphoto | Getty ImagesApple iPhone supplier Foxconn, officially known as Hon Hai, on Tuesday reported third-quarter profit rose 11.27% from a year ago, beating analysts' expectations despite an ongoing consumer electronics slump.
Foxconn reported a NT$38.75 billion net profit in the same period a year ago.
watch now"Volumes declined year-on-year largely due to slower than expected recovery in consumer demand.
Research firm Canalys said last week that the global smartphone market is seeing a slowdown in its decline.
The ongoing electronics slump has badly impacted the global smartphone market.
Persons:
Hai Group's, Ceng Shou Yi, Hai, Foxconn, Canalys, Amber Liu, Liu
Organizations:
Getty, Apple, Hai Technology Group, Counterpoint Research, Research, Huawei
Locations:
Taipei, Taiwan, Mainland China