Foxconn Reports First Ever Profit Decline on Back of Slow iPhone Sales in 2016

MacRumors
By Mitchel BroussardJan 10, 2017, 11:28 am105 pts
Following a year filled with doom and gloom stories surrounding Apple and its first revenue decline in thirteen years, major iPhone supplier Foxconn Technology Group has reported its own first ever sales decline since the company went public in 1991. In a report by Nikkei, "lukewarm demand" for the iPhone 7 and…

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