HK Stock Market News | FIT Hon Teng Group retraced more than 9%, after a cumulative increase of over 75% in the previous five trading days. iPhone global shipments in January-March decreased by 9.6%

Foxconn Technology Group has surged more than 75% in the past five trading days, but suddenly retraced by over 9%. In addition, Apple's global iPhone shipments from January to March dropped by 9.6%. Apple is facing doubts about its sales volume, with reports suggesting that its mainland China and Greater China sales may decline more than the global average. Renowned Apple analyst Ming-Chi Kuo pointed out that a supply chain investigation shows that Apple has reduced orders for key upstream semiconductor components for the iPhone 15 and iPhone 16, with total iPhone shipments expected to decline by 15% year-on-year in 2024. The company plans to release lower-priced AirPods headphones later this year, manufactured by a subsidiary of Foxconn. Foxconn Technology Group had previously seen a cumulative increase of over 75% in the past five trading days, but retraced after the news stimulus