Why Foxconn's Cuts Are Not Just an Apple Problem

Apple plans to cut expenses by $900 million, affecting non-technical staff, due to a challenging year ahead. Foxconn, a major supplier, is also impacted by weak iPhone demand. The electronics industry faces broader issues, including macroeconomic headwinds and trade tensions. The smartphone market has peaked, and inventory levels are high, indicating potential sales slowdowns.

What are the reasons cited for Apple's need to reduce expenses in the next year?

How does the reduction in iPhone demand affect Foxconn and its suppliers?

What broader issues are impacting the electronics industry beyond just iPhone sales?

In what ways has the smartphone market reached its peak in terms of growth?

What indicators suggest that the current quarter may be different for Apple compared to previous quarters?