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Apple supplier Foxconn cautious on outlook as smartphone sales slow

Apple supplier Foxconn cautious on outlook as smartphone sales slow

Apple Inc supplier Foxconn reported that it beat its April-June net profit expectations.

Photo by Lam Yik Fei/Bloomberg via Getty Images

Apple Inc supplier Foxconn gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand after a pandemic-fuelled boom.

The comments from the Taiwanese company, the world’s largest contract electronics maker, echo those from other Asian tech…


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