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The Wall Street Publication > Blog > Tech > Foxconn Predicts Better Year Ahead but Flags Slowing Smartphone Demand
Tech

Foxconn Predicts Better Year Ahead but Flags Slowing Smartphone Demand

Editorial Board Published August 10, 2022
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Foxconn Predicts Better Year Ahead but Flags Slowing Smartphone Demand
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Foxconn Technology Group, the world’s biggest iPhone assembler, said demand for smartphones and other consumer electronics is slowing, leading it to take a more cautious stance in the current quarter.

Foxconn Chairman Young Liu said the smartphone market could remain flat compared with a year earlier. He listed possible risks including inflation, the pandemic and the evolving geopolitical situation—a growing concern after a week in which China staged military drills around Taiwan, where Foxconn is based.

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