Foxconn Starts to Feel Sting of Slowing Smartphone Sales

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - TAIPEI. 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.

The comments from the Taiwanese company, the world's largest contract electronics maker, echo those from other Asian tech firms that have warned of a drop in sales of smartphones, TVs and gadgets as surging inflation and deepening concerns of a recession crimp consumer spending.