Hon Hai Precision Industry Co.’s quarterly profit fell 24% after tepid smartphone demand and U.S.-Chinese tensions depressed sales ahead of the coronavirus outbreak.
Apple Inc.’s most important manufacturing partner posted net income of NT$47.8 billion ($1.58 billion) in the October-December period, based on calculations by Bloomberg News off information Hon Hai has submitted to the local stock exchange. That’s down from NT$62.2 billion in the same quarter of 2018.
