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Apple Inc.’s iPhone sales in China fell 24% over the first six weeks of the year.
Photographer: Andrea Verdelli/BloombergThis article is for subscribers only.
Foxconn Technology Group’s public arm Hon Hai Precision Industry Co. will headline an earnings week that should offer insights into the outlook for China’s tech sector amid a slowing economy.
Apple Inc.’s iPhone sales in China fell 24% over the first six weeks of the year, according to Counterpoint Research. That confirmed management’s view that the current quarter’s total sales and iPhone revenue would be similar to a year earlier, posing a challenge to Hon Hai, which gets about half its revenue from Apple.