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Chinese iPhone-maker Foxconn is putting a hold on hiring and cutting production of the iPhone 5, the Financial Times reports.Foxconn is China’s largest private sector employer.
There are all kinds of reasons this could be happening.
- Apple might be gearing up to build a new version of the iPhone. They have already been plenty of leaks about hte iPhone 5S.
- Apple could be switching manufacturers.
- Apple could be screwed, dealing with a saturated smartphone market.
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