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Foxconn, Apple's largest supplier, is now wrapped up in iPhone supply chain rumors

Sara Salinas

Foxconn is preparing to cut expenses in its iPhone assembly unit and to cut workforce, Bloomberg reported Wednesday, citing an internal memo. Last week, at least four Apple suppliers cut their revenue forecasts citing reduced orders from large customers. Foxconn isn't doing exactly that, but worries out of Apple's top supplier will only add to ongoing speculation of weaker iPhone sales.