Foxconn Feels Sting of Fewer Smartphone Sales, Says Demand Slowing After Pandemic-Fuelled Boom

Foxconn gave a cautious outlook for the currrent quarter after posting results that exceeded expectations, due to slowing smartphone demand after a pandemic-fuelled boom. The iPhone assembler said that rising inflation will only have a limited impact on mid- to high-end smartphone demand in the rest of the year.

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