Foxconn is the contract manufacturer that Apple relies on the most to assemble the iPhone. As such, the company's fortunes are very much related to demand for Apple's smartphone, which has struggled this year for various reasons including pricing, a rise in Chinese nationalism, a perceived lack of innovation, sales bans in China and Germany, and stronger competition. The weak demand has forced Apple to cut iPhone orders.
According to a report from the Nikkei Asian Review (via Reuters), Foxconn is hunkering down during these tough times by laying off employees. Since ...
Friday, 18 January 2019
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