iPhone assembler Foxconn reports component shortage will extend into 2022

Foxconn is expecting the existing component shortage to worsen for the remainder of 2021, and it will ultimately impact consumer electronics giants like Apple and Samsung, with some parts already seeing back-orders into 2022.Foxconn warns of chip shortages into 2022Apple assembly partner and iPhone manufacturer Foxconn netted $1 billion of income during the second quarter of 2021. Despite beating analysts' estimates, the company expects a slowdown due to part shortages affecting the entire industry. Read more...