Apple Supplier Foxconn Signals Revenue Decline in 2022

Apple Supplier Foxconn Signals Revenue Decline in 2022
Chinese workers assemble electronic components at the factory of the technology giant Foxconn in Shenzhen, Guangzhou Province, in 2010. AFP/AFP/Getty Images
Naveen Athrappully
Updated:

Taiwan-based Foxconn, the world’s largest contract manufacturer of electronics and a major Apple supplier, is predicting revenues will potentially dip this year due to continuing supply chain issues.

In a March 15 earnings call, Foxconn Chairman Liu Young-way called 2022 a “very challenging year” but said he was “cautiously positive” about this year’s sales outlook.

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