DISAPPOINTING SALES AT FOXCONN FAIL TO BRUISE APPLE STOCK FOR NOW $AAPL $MSFT $HQP $SNE
Hon Hai Precision Industry Co Ltd., known to the stock trading world as Foxconn, is the main assembler of Apple products including iPhones and iPads. The Taiwanese company reported operating results for the first quarter of 2013 Wednesday, suggesting some softness in results may be in store when Apple reports quarterly results on April 23. Foxconn’s revenue for the three months ended March 30 was down 19% to T$808.97 billion compared to revenues of T$1 trillion in the comparable quarter of 2012 (approximately 30 Taiwan dollars equal one U. S. dollar). Sequentially, this number is also lower than the sales of T$988.34 billion in the