iPhone assembler Foxconn posts first revenue fall in 25 yrs
Taiwanese electronics manufacturing company Foxconn, the main assembler of Apple's iPhones, has recorded its first annual revenue decline in 2016 since listing in 1991. The company, also known as Hon Hai Precision Industry, posted a 2.8% fall in annual sales to approximately $136.65 billion. Pegatron, which also makes Apple products, posted a 27% slide in December sales to $2.6 billion. 