Tech's Strong Earnings Results Obscured by Tariff Uncertainty
Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Ian King reports that tech's quarterly results have been pretty good other than the confusion over the costs of escalating US tariffs.
Hon Hai sales: Hon Hai Precision Industry, the main contract manufacturer for Apple, said its April revenue rose 26%. Sales at the Taiwanese company, also known as Foxconn, were likely boosted by the hastening of orders ahead of US tariffs that could upend the business for its customers.
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