Foxconn’s profits plunged nearly 90%, due to COVID-19 shutdown
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Foxconn’s profits plunged nearly 90%, due to COVID-19 shutdown
As earnings season winds down, we’re getting a solid picture on just how profoundly the COVID-19 pandemic has impacted corporations’ bottomline. Taiwan-based manufacturing giant Foxconn is among those companies that were utterly walloped over the previous quarter. Plant shutdowns — particularl…
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