BEIJING, November 9 (TMTPost) — Hon Hai Technology Group (Foxconn), posted a plummet in revenue from a year ago amid tax underpayment rumor following Chinese government’s investigation. Foxconn said on Sunday it generated TW$741.2billion (US$23 billion) last month with a 7.2% decrease year-over-year (YoY), though it is the second highest revenue for October and rose 12.2% from the previous month. On the YoY basis, components and other products had a robust growth of revenue, while smartphone and other smart consumer electronics products showed almost stagnant, and both computing products and cloud and networking products experienced the decline. Sequentially, sales of smart consumer electronics and computing products were driven by China’s largest annual online shopping festival Singles’ Day and Thanksgiving holiday…
