Foxconn's profit lags estimates as it forecasts strong revenue growth

By Wen-Yee Lee, Faith Hung and Ben Blanchard TAIPEI, March 16 (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker, said on Monday it expected strong revenue growth in the first quarter and the whole of this year, even as it ‌posted a fall of 2% in quarterly profit, lagging estimates. The technology giant, Nvidia's biggest server maker and Apple's top iPhone assembler, ‌blamed a rise in its tax rate for the drop, which came despite robust global demand for AI products and a jump ...