Apple supplier Foxconn Q4 profit misses estimates

TAIPEI: Taiwan's Foxconn, the world's largest contract electronics maker which counts technology giants such as Apple Inc among its major clients, reported a fourth quarter profit on Tuesday that lagged market estimates.

The Taiwanese firm reported October-December net profit of T$45.97 billion ($1.61 billion), down 4% compared with the year ago period, the company said in a statement.