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Key Apple suppliers suffer big profit drop as iPhone woes bite

Foxconn and Pegatron see major drop as tariff challenge looms

Apple's decision to cut prices is hitting manufacturers. (Photo by Kosaku Mimura)
LAULY LI and CHENG TING-FANG, Nikkei staff writers | Taiwan

TAIPEI -- Major iPhone assemblers Foxconn and Pegatron suffered significant profit declines in the quarter ended in March, as Apple's decision to cut retail prices amid slowing demand hurt manufacturers.

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