Tim Culpan, Columnist

Don't Sweat the iPhone Supply Chain. It's Just Fine

Hon Hai’s pumping more money into labor, components and equipment.

Economics 101 tells you that more spending is good for the broader ecosystem.

Photographer: NurPhoto/Getty Images.

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The fortunes of iPhone suppliers are looking strong.

First-quarter earnings at Hon Hai Precision Industry Co. show that Apple Inc.’s chief product assembler pumped $2 billion more into its supply chain than a year earlier.