Technology

Apple supplier Foxconn sees possible revenue hit from supply chain woes

Apple supplier Foxconn sees possible revenue hit from supply chain woes

Apple supplier Foxconn forecast an up to 3% fall in revenue for the year in what could be its first annual sales decline in six years, as a shortage of chips squeezes smartphone production and demand cools following a surge during the pandemic. The Taiwanese company, which had stopped production in China earlier this week to comply with government curbs.

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