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Hon Hai Precision Industry Co., Ltd. (HNHAF)

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4.18000.0000 (0.00%)
At close: 09:38AM EDT
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  • Bloomberg

    Apple Expects to Sustain iPhone Sales in 2022 as Market Slows

    (Bloomberg) -- Apple Inc. has asked suppliers to build at least as many of its next-generation iPhones this year as in 2021, counting on an affluent clientele and dwindling competition to weather a global electronics downturn.Most Read from BloombergAuthor Salman Rushdie Stabbed on Lecture Stage in New YorkTrump Calls for Release of Warrant Documents Used in SearchThe Fed’s Damage to the Housing Market May Last YearsExtreme Heat Uncovers Lost Villages, Ancient Ruins and ShipwrecksChina State-Own

  • Bloomberg

    Amazon Joins Deal Revival Spurred by Lower Valuation: Tech Watch

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  • Reuters

    UPDATE 4-Foxconn starts to feel sting of slowing smartphone sales

    Apple iPhone assembler Foxconn gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand after a pandemic-fuelled boom. Foxconn has been largely shielded from these demand problems so far as the popularity of iPhones has endured among a loyal and relatively affluent customer base, and it said on Wednesday that rising inflation will only have a limited impact on mid- to high-end smartphone demand in the rest of the year. Still, Foxconn forecast flat revenue growth in its consumer electronics business including smartphones for the quarter ending September, signalling that demand for some devices was slowing after "significant growth" in the second quarter, when the business accounted for half of its overall revenue.