Apple-supplier Foxconn's second-quarter profit falls less than expected
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TAIPEI (Reuters) - Taiwan's Foxconn , which makes smartphones for Apple and other brands, reported a 2.5% fall in quarterly profit on Tuesday, a slightly smaller decline than analysts' expected.Foxconn, the world's largest contract electronics manufacturer and formally known as Hon Hai Precision Industry Co Ltd, reported net profit of T$17.05 billion (£450 million) for the April-June quarter, versus an average forecast of T$16.01 billion according to 14 analysts' estimates compiled by..