FIH Mobile Slides After Warning Profit to Fall on Weaker Demand

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  • FIH Mobile foresees net income drop of at least 52 percent
  • Major clients include Huawei and other Chinese brands

The arm of Foxconn Technology Group that makes smartphones for Chinese vendors including Huawei Technologies Co. and Xiaomi Corp. warned net income will slide at least 52 percent in 2016, expected to be the industry’s worst year on record. Shares dropped.

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