A source inside Foxconn (HNHPF) claims that December 2022 iPhone orders were unchanged, refuting claims that Apple (AAPL) is cutting back after weak demand, Reuters’ Sarah Wu and Yimou Lee report. Foxconn said Thursday that output at its iPhone plant in China had "basically returned to normal" and that December revenue, down 12.3% y/y, marked the start of a recovery. Reference Link
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