Apple iPhone slowdown means poorer sales for key supplier Foxconn Technology

Apple has been a leader in technology revenues and profits for so long, it began to seem like the company would never show any signs of financial weakness. That has been changing lately, however, as the smartphone market has started to slow down.

First, we saw Apple CEO Tim Cook get a pay cut due to the company missing its annual sales targets by just over three percent. Now, we see that Apple’s negative financial performance runs downhill as well, with one of its most important suppliers, Foxconn Technology Group, also suffering a drop in sales, ZDNet reports.

Apple’s Cook received 89.5 percent of his 2016 compensation for 2016 due to Apple sales coming in at $215.6 billion instead of the expected $223.68 billion target and operating income falling short of the company’s goal of $60.3 billion. Foxconn’s results were similar, with that company’s revenues of $136.38 billion falling short of 2015’s results by 2.81 percent.

That should come as no surprise, as Apple makes up half of the sales of Hon Hai Precision Industry, which owns Foxconn. A saturated smartphone market is likely the cause of the drop in revenues, a position that is supported by a 27 percent drop in December revenues experienced by competitor and Apple supplier Pegatron.

Things could be looking up, however, given the popularity of Apple’s iPhone 7 Plus, with Foxconn’s own December sales increasing by 9.76 percent compared to the previous year. Of course, Apple will have a significant challenge maintaining those sales levels given that iPhone sales for 2016 were 207 million iPhones, a drop from the 236 million unit sold in 2015.

The introduction of the iPhone 8, which could be dramatically different from the much more incremental update represented by the iPhone 7, could further spur Apple revenues and return the company to an industry leader. For now, though, Apple has some work to do if it wants to remain as dominant as it has been in the past.

Mobile

Jury fines Apple $32 million for infringing on three Qualcomm patents

In a serious blow to Apple in its legal battle against Qualcomm, a San Diego jury fined Apple $32 million for infringing on three Qualcomm-owned patents. The decision marks the latest news in a string of court dates for the two companies.
Computing

Apple’s rumored magazine subscription service could also launch on Macs

Apple is widely expected to debut its new Apple News magazine subscription service at a media event scheduled for March 25. Now, through code leaks, it's also believed that users will be able to read magazines on their Macs.
Deals

Looking to upgrade? These are the best iPhone deals for March 2019

Apple devices can get expensive, but if you just can't live without iOS, don't despair: We've curated an up-to-date list of all of the absolute best iPhone deals available for March 2019.
Movies & TV

Apple’s next big event is set for March 25: Here’s what you can expect

Apple's next big event takes place on March 25 in Cupertino, California. The company is expected to make several announcements related to its services, including Apple TV, rather than about hardware launches.
Deals

Stay fit and save cash with our top 10 affordable Fitbit alternatives

As much as we love Fitbits, they're rather expensive. If all you want is a simple activity tracker, however, then check out these great cheap Fitbit alternatives. With offerings from brands like Garmin, you don't need to pay full price.
Mobile

Walmart to launch it’s own low-priced tablet, powered by Android 9.0 Pie

Walmart will soon launch its own low-cost, kid-friendly tablet, which will be powered by Android 9.0 Pie. The price and release date for the device are still unknown, but it will reportedly feature a MediaTek processor with 2 GB of RAM.
Emerging Tech

Awesome Tech You Can’t Buy Yet: Write music with your voice, make homemade cheese

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it sure is fun to gawk!
Mobile

Safeguard your Sony Xperia 10 smartphone with one of these cases

If you're looking for some protection to keep your Sony smartphone safe, or you want a different style, we've got you covered here with a list of the best Sony Xperia 10 cases. There are clear cases, rugged cases, wallet cases, and more.
Product Review

Sony's Xperia 10 falls frustratingly short of budget brilliance

Better know for premium products, Sony does also have a budget smartphone range, but can the Sony Xperia 10 compete with great cheap phones from Nokia and Motorola? We put it through its paces to find out how it measures up.
Mobile

Sony's Xperia 10 smartphone boasts a 6-inch screen and is now available

Sony took the wraps off of three new phones at Mobile World Congress 2019, including the new Xperia 1, which is the company's new flagship phone and the first with a 4K OLED display with a 21:9 aspect ratio.
Mobile

FCC to help first responders pinpoint 911 callers in multistory buildings

When someone calls 911 from their cell phone, wireless carriers provide operators with an approximate location. Now the FCC wants the carriers to provide vertical location data to pinpoint 911 callers inside multi-story buildings.
Mobile

Latest Samsung Galaxy smartphone will pop up on April 10

Samsung will show at least one new Galaxy phone off on April 10, it has confirmed in a teaser tweet. The Galaxy A90 may make its first appearance, and it's rumored to have a pop-up camera and a notch-less screen.
Mobile

Leaked ZTE concept phones are crazy, possibly fake, and totally worth seeing

Renders of what may be ZTE concept phones may show how the manufacturer could avoid using the notch on future devices. They're crazy -- and maybe not even real -- but they're definitely worth looking at.
Mobile

The iPad Mini, Apple's tiny titan, makes a huge return with powerful new specs

Apple has finally revealed the iPad Mini. With all-new and upgraded specs, support for the Apple Pencil, and a fantastically inclusive price, here's everything you need to know about the iPad Mini.