Big Tech just added to a shrinking forecast, but maybe Bob Iger can brighten the mood

Wall Street's earnings expectations for the year have been diving, and the news could get worse once they factor in disappointing results from Big Tech. Read More...


Foxconn’s January sales surge as China COVID disruption shaken off

TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc, said on Sunday its revenue in January jumped 48.2% year-on-year, as it shook off COVID disruptions in China. Revenue in January reached a record high, at T$660.4 billion ($22 billion), with operations returning to normal and shipments increasing at its Zhengzhou campus in China, a centre for iPhone production, the company said in a statement. Compared to the previous month, revenue was up 4.93% with smart consumer electronics products, which includes smartphones, and computing products showing strong double-digit growth, it said.

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