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Foxconn earnings beat market estimates on booming 5G demand

Network and computing equipment offsets slowing iPhone sales

A spectrum auction for 5G services in Germany. Network equipment helped cushion the blow of slowing iPhone sales on Taiwanese assembler Foxconn.   © Reuters

TAIPEI -- Key iPhone assembler Foxconn delivered better-than-expected quarterly earnings on March 29, defying slowing sales of the smartphone as its network equipment business grew.

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