The main supplier of iPhone sounds alarm
Last year was not the most successful for Apple. Whether there was a glut of the market, whether buyers began to choose cheaper smartphones, but the result was one — the company’s revenues fell for the first time in 13 years. Affected by this, not only in Cupertino, but also thousands of kilometers away — in China.
The main collector iPhone — Foxconn Technology Group, reported a fall in revenue for the first time since 1991 — when the shares of Foxconn appeared on the market. As reported by Nikkei, the sales of the iPhone 7 and iPhone 7 Plus has not allowed Chinese producers to demonstrate the same results in 2015.
In 2016, the revenues of Foxconn amounted to 136 billion dollars, which is almost 3 % less than in 2015. At the same time, iPhone sales dropped from 236 million to 207 million units. Obviously, the Chinese company depends on Apple — specifically, sales of its devices.
Foxconn is not the only one whose livelihood depends on the success of Apple. For many Chinese companies the tech giant is a key customer. As for the current year, in China are positive: it is expected the revenue growth to 10 %, and iPhone sales up to 221 million smartphones. Let’s true whether analysts ‘ forecasts.