Foxconn, the major assembler of Apple’s key devices, delivered a net profit that missed analysts’ estimates for over half.

Foxconn reported first quarter net income of A$622.3 million, compared to the average analyst forecast of A$1.45 billion. This marks the third consecutive quarter that the company has missed its profit estimates.

Revenue rose by 3 per cent for the period.

The bright spot for the company was stronger-than-expected iPhone sales during the March quarter, however this wasn’t enough to offset the overall sales decline Apple posted for the quarter, nor the steep drop in overall Android devices.

Google and Xiaomi are also major clients of Foxconn, and the overall Android market is expected to fall by 1.3 per cent this year.

Taiwan’s major Apple suppliers are also experiencing the cooling effect of the looming recession, with the total revenue of the country’s major suppliers falling for a third straight month in April.

Overall revenue from suppliers declined 2.1 per cent year-on-year, to A$44 billion, following a massive 17.1 per cent drop during March.