Apple Supplier Foxconn Expects Quarterly Sales to Fall as iPhone Doubts Grow

Apple Supplier Foxconn Expects Quarterly Sales to Fall as iPhone Doubts Grow

Hon Hai Precision Industry warned of its fourth consecutive decline in quarterly sales after a 5.4 percent slide in the last three months of 2023 suggested consumer electronics demand remains muted. The Taiwanese firm, also known as Foxconn, reported a steep 27 percent drop in December sales to NT$460.1 billion…