Apple supplier Foxconn sees challenges ahead in China lockdowns and inflation

The company xpects overall revenue to be flat for the current quarter and for the full year.

Smartphones and consumer electronics make up slightly more than half of Foxconn's total revenue. File Picture.

Apple supplier Foxconn has warned that current-quarter revenue for its electronics business, including smartphones, could slip as growth slowed amid rising inflation, cooling demand, and escalating supply-chain issues partly due to lockdowns in China.

Like other global manufacturers, the Taiwanese firm — the world's largest contract electronics maker — has grappled with a severe shortage of chips, which has hurt smartphone production, including for its major client Apple.