Friday, November 12, 2021

Foxconn beats estimates as Q3 net profit rose 20% YoY to $1.33B and warns its smartphone business revenue could slide more than 15% in Q4 (Reuters)

Reuters:
Foxconn beats estimates as Q3 net profit rose 20% YoY to $1.33B and warns its smartphone business revenue could slide more than 15% in Q4  —  Taiwan's Foxconn (2317.TW), which assembles iPhones for Apple (AAPL.O), reported a better-than-expected third-quarter profit on Friday …



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Australia's Senate votes to pass a social media ban for children under 16, brushing aside lawmaker concerns on both sides; tech companies could be fined A$50M (Ben Westcott/Bloomberg)

Ben Westcott / Bloomberg : Australia's Senate votes to pass a social media ban for children under 16, brushing aside lawmaker concern...