Foxconn Predicts Better Year Ahead however Flags Slowing Smartphone Demand

Foxconn Expertise Group, the world’s greatest iPhone assembler, stated demand for smartphones and different shopper electronics is slowing, main it to take a extra cautious stance within the present quarter.

Foxconn Chairman Younger Liu stated the smartphone market might stay flat in contrast with a 12 months earlier. He listed potential dangers together with inflation, the pandemic and the evolving geopolitical state of affairs—a rising concern after every week wherein China staged army drills round Taiwan, the place Foxconn is predicated.