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Business trends

Apple suppliers struggle to grow profits in saturated smartphone market

Foxconn and peers pin hopes on next-generation technologies

Apple suppliers are all having to look for new areas of growth in next-generation technologies as smartphone sales fall. (Photo by Konosuke Urata)

TAIPEI/HONG KONG -- Apple suppliers in Asia are coming under increasing pressure to grow profits as the smartphone market plateaus and while next-generation technologies are still in development stages.

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