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Foxconn posts Q3 net profit of ~$1B, up 23.3% YoY, beating analyst estimates, despite Apple's declining iPhone sales, which it relies on for ~50% of its revenue (Yimou Lee/Reuters)

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Yimou Lee / Reuters:

Foxconn posts Q3 net profit of ~$1B, up 23.3% YoY, beating analyst estimates, despite Apple’s declining iPhone sales, which it relies on for ~50% of its revenue  —  TAIPEI (Reuters) – Taiwan’s Foxconn (2317.TW), a key supplier to Apple Inc (AAPL.O), posted a better-than-expected 23% rise …