FIH Mobile Ltd.

Foxconn International Holdings Ltd. (FIH), announced today that for fiscal year 2012 the company had the biggest loss ever since it listed its stock in 2005. FIH, which says it is the world’s largest contract manufacturer of cellphones, booked a net loss of $316.4 million for the year.

Why did FIH lose money for the first time? See details below… [Read more…] about Foxconn International Reports Biggest Financial Loss in Its History