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China’s Sluggish New iPhone Sales May Force Layoffs at Foxconn

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Apple has slashed orders from Foxconn by 10 percent amid sluggish sales of new iPhones, a move that could lead to layoffs at the Taiwan-based supplier….

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A customer looks at an Apple Inc. iPhone XR smartphone at a SoftBank Group Corp. store in Tokyo, Japan, on Friday, Nov. 2, 2018. Softbank will announce its half-year earnings figures on Nov. 5. Photographer: Kiyoshi Ota/Bloomberg via Getty Images