Hon Hai Precision Industry, the parent of Foxconn, reported earnings this week, and they were not pretty.
The company, which is Apple's main manufacturer, saw a 19 percent dip in revenue for the Q1 thanks to weaker demand for the iPhone.
Total revenue for the quarter was $26.96 billion, down from $33 billion in the Q4 2012 and $33.5 billion for the Q1 2012.
"A quarterly decline ... [ read the full article ]
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