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Foxconn International Holding Reports $226 Million Loss
Financial troubles hitting electronics companies that aren't named Apple [3] are trickling down the supply chain. Foxconn International Holding, the world's biggest maker of cellphone innards, is reporting a net loss of $226 million for the first half of this year. That's a big slide from the $17 million loss the company reported last year, and its biggest loss since it was established in 2005, Reuters reports [4]. FIH is a subsidiary of Foxconn Technology Group, the parent company that assembles Apple products like iPhones and iPads. FIH however is involved in the manufacture of electronics for Apple's rivals [5] like struggling cell phone maker [6] Nokia.
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