(Bloomberg) -- Apple Inc. has asked suppliers to build at least as many of its next-generation iPhones this year as in 2021, counting on an affluent clientele and dwindling competition to weather a global electronics downturn.Most Read from BloombergStriking Drop in Stress Hormone Predicts Long Covid in StudyChina Has Painted Itself Into a Semiconductor CornerThe Fed’s Damage to the Housing Market May Last YearsDozens in China Infected With New ‘Langya’ Virus Carried by ShrewsMedia Tallies Show
(Bloomberg) -- There’s no relaxing on the beach this summer for corporate acquirers -- they’ve been busy snapping up technology companies, even after a stock rally over the past two months means the sector isn’t as cheap as it was back in June. Most Read from BloombergStriking Drop in Stress Hormone Predicts Long Covid in StudyChina Has Painted Itself Into a Semiconductor CornerThe Fed’s Damage to the Housing Market May Last YearsDozens in China Infected With New ‘Langya’ Virus Carried by Shrews
Foxconn, Apple's main iPhone assembler, forecast muted smartphone revenues for its September quarter amid waning global demand.