What’s going on? Foxconn (Taiwanese electronics giant) released a surprising pleasant quarterly yoy growth of 30% yoy, while reducing future sales forcast. What does this mean? Foxconn is the world’s largest manufacturer of electronic equipment for other companies, including iPhones for Apple. Strong demand for smartphones and other consumer gadgets helped its profit surge beyond…
Tag: taiwan
Ep 142: HSBC’s better-than-expected quarterly earnings and Asian expansion plan
What’s going on? HSBC posted better-than-expected quarterly earnings It admitted it’ll need to start expanding into Asia sooner. What does that mean? HSBC has had two big challenges lately: it’s been making less from lending due to ultra-low interest rates, while simultaneously having to set aside enough cash for bad debt allowances; Even though last quarter’s…
with HT 