Apple Inc's (NASDAQ: AAPL) leading assembly partner Hon Hai Precision Industry Co Ltd (OTC: HNHAF) (OTC: HNHPF), also known as Foxconn, expects the sales of gadgets like smartphones to fall sequentially this quarter, Bloomberg reports. What Happened: The prediction raised concerns over chip and component shortages affecting iPhone production before the holiday season.
iPhone Supplier Foxconn Sees Sales Correction Amid Holiday Season: Bloomberg