Hon Hai Precision Industry, better known as Foxconn, has long been Apple’s biggest manufacturing partner, with around 60-70% of its revenue coming from the Cupertino company. But local rival Pegatron is hoping to change that.
By offering Apple more competitive prices and sacrificing its profit margins, Pegatron appears to be securing iPhone and iPad assembly orders that would have normally gone straight to Foxconn.
What’s more, it’s though that Pegatron will play [Read More...]
Foxconn has been forced to make preparations for life after Apple following reduced demand for the iPhone and other iOS devices which has caused the company’s revenue to nosedive,Â The New York TimesÂ reports.
The manufacturer has been doing well off the back of Apple’s hugely successful devices in recent years, which have been contributing at least 40% of its revenue, according to analyst estimates. But after suffering a 19.2% drop in revenue during [Read More...]
Foxconn is notorious for its tough working conditions and labor practices, but the company has started relaxing on some of its strict factory rules after two recent suicides occurred at its Zhengzhou factory last month.
Starting now, Foxconn has decided it will stop forcing workers from fraternizing with one another during work hours. Foxconn’s factories have used a “mute mode” policy with workers that prohibits any conversation that is not relevant [Read More...]
A Chinese paper is reporting that Apple and Foxconn may have had a staggering setback in the production of the iPhone, with up to eight million iPhones returned to Foxconn because they didn’t meet Apple’s standards.
According to China Business, between five and eight million iPhones — probably the iPhone 5, and not the upcoming iPhone 5S — were returned to Foxconn in mid-March due to production problems, like “a substandard [Read More...]
Apple and Foxconn’s jumper problem might not be a thing of the past after all, as reports over the weekend broke that two workers have jumped from the roof of Foxconn’s Shenzhen factory on Friday in reaction to job cuts, lowered wages and the end of free amenities at the world’s largest gadget manufacturer.
What’s happening is a little bit confusing, and mostly comes from numerous microblog reports, but [Read More...]
A “confidential presentation” that outlines the upcoming product plans for a manufacturer based in Shenzhen, China, suggests the iPhone 5S could launch in June this year. Most rumors have suggested the device wouldn’t arrive until this fall, around 12Â monthsÂ after the iPhone 5, but an accessory manufacturer with direct links to Foxconn is confident it’ll be here much earlier.
The presentation includes a whole bunch of “iPhone 5S” accessories, including cases, chargers, and [Read More...]
As Apple has become more successful over the last few years, Hon Hai Precision Industry’s (Foxconn) financial fortunes have been more tightly bound to Apple’s than ever before.
If things are going well for Foxconn, then Apple’s probably doing pretty well too, so investors were happy to hear that Foxconn just posted its most profitable quarter ever thanks to improved production efficiency of the iPad and iPhone 5.
Bloomberg reported this [Read More...]
Rumors surrounding the iPhone 5S have started to pick up steam in recent weeks, and now a report from overseas claims that Foxconn has started ramping up production for the new device.
Japanese blogÂ Macotakara says that Apple’s biggest manufacturing partner has started gearing up for the iPhone 5S. The device reportedly looks so much like the iPhone 5 that Foxconn is able to manufacture the two phones on the same line.
Macotakara [Read More...]
The success of the iPhone and iPad was supposed to do great things for Sharp. As Apple’s profits have gone up, Sharp has seen an increased amount of orders from Cupertino as Apple tries to distance itself from buying supplies from Samsung.
Even though Sharp supplies Apple with displays for the iPad and iPhone, their stock price has been falling lately, and its investment deal with Foxconn might be in jeopardy.
Foxconn may be hiring less workers because existing workers are more willing to stay on.
Apple stock plummeted recently after a rumor went around that Foxconn had instituted a hiring freeze based upon a slowdown in iPhone 5 production. Foxconn quickly and emphatically deniedthat the freeze had anything to do with the iPhone 5… but what was [Read More...]