Foxconn’s parent company Hon Hai says it expects iPhone and other smartphone sales to contract overall in 2023, following its latest earnings report.A Foxconn facilityWhile Foxconn most recently reported its biggest quarterly fall in profits in three years, the iPhone manufacturer was still predicting a brighter second half to the year. Now, however, its parent company Hon Hai Precision Industry Co has announced a drop in operating income and predicts smartphone sales will decline overall in the full 2023. Read more…
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