Foxconn Predicts Better Year Ahead but Flags Slowing Smartphone Demand – The Wall Street Journal

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/foxconn-warns-of-slowing-demand-for-smartphones-11660132519 Listen to article (2 minutes) 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

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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. Continue reading your article with a WSJ membership Already a member?

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