Cutting Loose: Foxconn Targets $2.9B in Costs Tied to Apple's iPhone

The video discusses the decline in Foxconn's market performance, highlighting a 53% drop from its 2017 high. It details Foxconn's cost-cutting measures, including reducing iPhone-related business expenses and staff. The impact on Apple suppliers is analyzed, showing a decrease in interest and demand for iPhones. Despite these challenges, analyst recommendations remain stable, with expectations of continued gift buying during the holiday season.

What percentage has Foxconn fallen from its 2017 high?

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What are the reasons behind Foxconn's decision to cut costs?

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How much of their non-technical staff is Foxconn planning to cut?

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What has been the trend in Google searches regarding the new iPhone?

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What is the current price of Apple's stock as mentioned in the report?

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