Nokia reduces outsourcing earnings less than expected

April 16 Afternoon news, according to Taiwan media reported, as the largest customer Nokia reduced product outsourcing, Foxconn in 2009, although the loss, but the net profit is lower than expected, the company is seeking Acer Dell and other customer orders to reduce losses.　　According to Bloomberg, Foxconn's net profit of 57.3 million dollars in the second half of 2009 was better than the loss of $21.1 million a year earlier, but less than a Bloomberg survey analyst's estimate of $85 million trillion.　　Analysts said Foxconn's earnings were lower than expected, mainly because Nokia, the biggest customer, reduced orders for outsourced products. Nokia said in March 2009 that it would produce more products on its own.　　In a report, Morgan Stanley analyst Jasmine Lu said Nokia could account for about 40% of Foxconn's revenues last year, compared with 2008 's 55%. In the face of Nokia's reduced orders, Foxconn is reducing its impact by shifting production bases and expanding other customers, and orders from Acer, Dell and Palm are expected to cover losses. (Li Yin)