Don’t Sweat the iPhone Supply Chain. It’s Just Fine

Don’t Sweat the iPhone Supply Chain. It’s Just Fine

The fortunes of iPhone suppliers are looking strong. Weak iPhone sales can’t be blamed for Hon Hai’s net income slipping 15 percent and missing estimates, because they weren’t weak. Revenue at the Taiwanese company was up 5.5 percent for the March quarter, the fastest growth for that period since 2015, and data that was known a month ago. At Apple, which accounted for 51 percent of Hon Hai sales last year, it climbed 16 percent for the three months.

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