Strong iPhone 7 sales saved Apple’s manufacturer from record decline

The fate of Apple and Foxconn, its gargantuan Chinese manufacturing partner, are closely linked. When iPhone and iPad sales flatlined a little around the iPhone 6s era, Foxconn slipped into decline. From Q3 2015 to Q3 2016, Foxconn's revenue was declining on a year-by-year basis. With little structural change in the business, a decline was expected for the fourth quarter of 2016. But once again, analysts underestimated the iPhone 7.Net profit was up 30 percent for Foxconn compared to the sa