Foxconn reports Q2 revenue rose 12% YoY to ~$50B and net income reaches ~$1.1B, as its cloud unit helped weather supply chain issues and weak smartphone demand (Debby Wu/Bloomberg)

Debby Wu / Bloomberg:
Foxconn reports Q2 revenue rose 12% YoY to ~$50B and net income reaches ~$1.1B, as its cloud unit helped weather supply chain issues and weak smartphone demand  —  Hon Hai Precision Industry Co., the maker of most of the world's iPhones, posted a profit that beat estimates as demand …