Foxconn posts first annual revenue decline, thanks to slowing iPhone sales

Foxconn has posted its first sales dip 

since going public in 1991. Apple, which

makes up more than half of the

company's total business, experienced

slowing iPhone sales in 2016 due to a

stagnant market.

Key iPhone supplier Foxconn Technology Group posted its first annual sales decline since it went public in 1991, thanks to slowing sales of the iPhone, according to Nikkei.

For full year 2016, Foxconn posted revenues of roughly $136.38 billion, down 2.81 percent from a year ago.....................................................................................................................

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the source [ZDNet]