Foxconn's sales down 7.7% in March

Foxconn, a key supplier of Apple products has announced that sales were down by 7.7% in March.

The company is the world’s largest contract electronics maker. It reported revenues of $11.5 billion in March, according to a filing to the Taiwan stock exchange.

According to the company revenues in the January-March period were down by 12.0% from the previous year.

Last month, Foxconn reported a 23.7% fall in profit in the last three months of 2019 as it braced for the impact from the coronavirus pandemic that has been hitting demand from its key customers.