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Apple iPhone-maker Hon Hai posts first sales slide on record

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The world's biggest contract manufacturer of electronics has been grappling with the smartphone slowdown.

Beijing

HON Hai Precision Industry Co, the main assembler of Apple Inc's iPhones, recorded its first annual revenue decline after the global smartphone market went through its worst year on record.

The company, also known as Foxconn, posted a 2.8 per cent fall in 2016 sales to NT$4

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