The Financial Times reports today that Foxconn, Apple’s main manufacturing partner in China, has stopped recruiting new workers amid reduced orders for the iPhone 5. The news adds heft to reports last month that Apple had cut orders for iPhone 5 parts amid weaker-than-expected demand for its flagship smartphone. Key highlights from the FT piece:
Apple’s shares, which have fallen 19% over the past three months, are down in pre-market trading. We’ve contacted the company for contact, and will update when we hear anything.