Foxconn International shares drop 4 percent after profit warning

HONG KONG (Reuters) – Shares of Foxconn International Holdings Ltd (FIH) , the world’s biggest contract maker of cellphones, fell more than 4 percent after the firm said it expected to record a net loss for 2012 as a result of low demand from its major clients. The last time FIH was in the red for the full year was 2010, when it reported a net loss of $ 218.3 million as key clients such as Nokia Oyj started to lose market share to Apple Inc in the booming smartphone market. …

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