Major Apple iPhone supplier Foxconn has cautioned that the global chip shortage is likely to continue for longer than previously expected.
Foxconn’s previous Q2 earnings saw the company beat estimates. However, it said that it was having to “wait and see” whether the chip shortage or coronavirus outbreaks would have an impact.
Now in announcing its Q3 earnings, the company reported a 20% rise in profits, year on year, according to Reuters.