Inflation affected the technology world ! Sales may slow down !

The world of technology was also affected by the economic crisis. The tech world has seen an inflation shock. Therefore, sales may slow down. Apple supplier Foxconn said it would be careful. 

Foxconn, one of Apple's largest manufacturing partners, said that there will be a sharp decline in smartphone sales immediately after the pandemic. According to Foxconn's statement, the high inflation seen all over the world has also affected the technology world.

Why will sales slow down ?

It seems that the inflation seen in the world, especially in phones, will affect the sales of technological devices. Taiwan-based electronic product manufacturer Foxconn has made a statement that the demand for technological devices has decreased. These products include devices such as televisions and computers, especially smartphones.

We have no idea how Foxconn's partners will sell for the rest of the year. However, many investment and technology companies expect a slowdown in the technology world due to inflation. Foxconn also said it will be careful in the current quarter.

The effect of inflation on the world of technology also happened to Lenovo, one of the world's largest computer manufacturers, in the past years. With the end of the pandemic, it earned its lowest income ever.