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Tim Culpan

Foxconn Forecast Portends More Bad News for Apple

The supplier’s outlook, and none from its client, indicates further revenue declines for the iPhone.

Bleak picture.

Bleak picture.

Photographer: Sean Gallup/Getty Images

Foxconn Technology Group just painted a bleak picture for the June quarter, and the implications for its largest client aren’t good.

While overall revenue at Foxconn’s Hon Hai Precision Industry Co. will drop a moderate “single digit” percent, that decline is softened by pandemic-driven demand for enterprise and computing products.