“Foxconn Technology has reported consolidated revenues of NT$6.07 billion (US$188.18 million) for June 2016, representing a 6.33% drop on month but a 5.45% increase on year,” Joseph Tsai reports for DigiTimes.

Tsai reports, “The company’s stock price rose 1.82% and finished at NT$75.50 in trading on the Taiwan Stock Exchange (TSE) on July 12.”

Foxconn is a major Apple product assembler as, reportedly, over 40 percent of the company’s revenue from from assembling Apple products, including iPhones and iPads.

Read more in the full article here.

MacDailyNews Take: Potentially bodes well for Apple.