Key Apple Suppliers Suffer Big Profit Drop as iPhone Woes Bite

Apple — the biggest client of both Foxconn and Pegatron — recorded the first-ever shipment decline for its iconic iPhones in 2018. It once again lost its position as the second-biggest smartphone in the world to Chinese rival Huawei Technologies in the January-to-March quarter, according to Counterpoint Research. While iPhone shipments dropped 20% on the year, shipments of Huawei phones rose by 50%, the statistics showed.

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