Apple’s largest supplier Foxconn reports sluggish Q4 market demand

Apple shares have extended their decline as concerns mount over iPhone demand. The stock has fallen 5.5%, erasing over $160 billion in market capitalization, with Foxconn also predicting a first-quarter revenue drop due to slower market demand. Analysts have downgraded the stock, reflecting worries about iPhone sales, and the slump in share price suggests the market is losing confidence in Apple's growth trajectory.