Trouble With COGS Hits Foxconn’s Profit Machine

trouble with cogs hits foxconns profit machine
Trouble With COGS Hits Foxconn’s Profit Machine

Foxconn Technology Group turned in a stellar top-line performance last quarter. One major upside for Apple was that while iPhone shipments grew barely 1 percent, revenue climbed. The more expensive iPhone exacted a toll, however, as its costs climbed almost the same amount, resulting in a slight squeeze to Apple’s gross margin.

Read on The Source

Author: HEDGE

Hedge Accordingly was founded ahead of the global financial crisis in January of 2008, with the goal of providing our readers our unique take on latest news on stocks, wall street, volatility, news on wall street, articles on investing, trading, options, stocks, futures, #cnbc, #crudeoil, Bitcoin. Hedge Accordingly produces both original, and aggregated Wallst news content from top publishers around the world. We curate aggregated content covering the latest news on politics, stocks, wall street, and the tech industry. We also provide free stock charting, quotes and a bitcoin, forex and currency exchange. Learn More About HEDGEaccordingly.com