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Apple supplier freezes hiring
APPLE’s major supplier, Chinese company Foxconn, has frozen recruitment at its factories, suggesting a slowdown in demand for the iPhone.
The news sent shares in the US company down 2.4 per cent yesterday, despite research showing that both the iPhone 5 and its predecessor, the 4S, had outsold rival Samsung’s Galaxy S3 during the final quarter of last year. According to Strategy Analytics, the iPhone 5 sold 27.4m units in the quarter with the iPhone 4S selling 17.4m to the S3’s 15.4m.