Chinese economy
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The Declining Revenue of Foxconn: A Closer Look
Foxconn, the manufacturer of Apple iPhones, recently reported a decline of 9.6% in revenue for the first quarter of 2024 compared to the same period last year. This drop in revenue was significant, with a first-quarter total of 1.32 trillion New Taiwan dollars ($41.2 billion). Additionally, this figure was 28.58% lower than the revenue recorded…