Foxconn, the world’s largest contract electronics manufacturer and a significant supplier for Apple, announced on Saturday a 1.23% year-on-year decline in revenue for July. However, the company is anticipating a rebound in business during the third quarter. Formally known as Hon Hai Precision Industry Co Ltd, Foxconn (2317.TW) reported revenue of T$469.23 billion ($14.82 billion) … Read more
Amazon.com Inc (AMZN.O) has once again come under scrutiny from the U.S. workplace safety regulator for subjecting workers in its extensive warehouses to hazardous working conditions. This time, the issue revolves around burdensome production quotas and inadequate medical care provision. The Occupational Safety and Health Administration (OSHA), a part of the U.S. Department of Labor, … Read more
Microsoft concluded its fiscal year 2023 with a net profit of $72.36 billion (€65.47 billion), marking a 0.5% decline from the previous year. However, the company’s latest quarterly results exceeded market expectations, demonstrating the impact of its commitment to artificial intelligence (AI) technology. In the last 12 months, Microsoft achieved a 7% increase in turnover, … Read more