Foxconn

Foxconn expectedly experiences sales lull amid seasonal iPhone decline

Christian Zibreg ∙ April 10, 2013

Hon Hai Precision Industry, also known as Foxconn, assembles many Apple products, including iPhones and iPads.

And with an estimated 60 to 70 percent of its revenues owed to the Apple orders account, Foxconn's earnings are scrutinized for any possible hint which could point to increasing or decreasing demand for Apple products.

Today, the contract manufacturer has posted a nineteen percent decline in sales in the first quarter compared with a year earlier. As you'd expect, Reuters immediately speculated the numbers are down because the company is "hurt by disappointing demand for the iPhone"...

Rumor: iTV has Foxconn-made display, ships in early-2014

Christian Zibreg ∙ Updated May 16, 2018

Earlier in the week, the somewhat reliable DigiTimes reported that Apple's rumored standalone TV set could ship later this year with a 4K Ultra HD screen. Another report out from Asia has it that Apple's contract manufacturer Hon Hai Precision Industry, better known as Foxconn, will supply high-resolution panels for the product.

Sources estimate Apple won't start shipping its television set until next year at the earliest...

Foxconn posts record profits on Apple’s aggressive product refreshes

Christian Zibreg ∙ Updated January 26, 2016

Hon Hai Precision Industry, better known in the Western world as Foxconn, is Apple's favorite manufacturer that assembles a lot of its products, with Pegatron taking care of the rest. Foxconn also helps a number of other tech giants build and assemble their gadgets.

As Apple is its most visible high-volume client, Foxconn's earnings are often scrutinized for hints of Apple's sales performance. Today, Foxconn reported a record quarterly profit on increased manufacturing efficiency and output of Apple's iPhones and iPads, after having solved production bottlenecks in the prior quarter.

The increased revenue and improved profit margins also could mean that Foxconn may have had some room to push Apple for better pricing, Bloomberg reports...

Foxconn boss cancels talks with Sharp over Samsung investment

Christian Zibreg ∙ March 19, 2013

Earlier this month we told you that Apple's frenemy Samsung confirmed a plan to pour a cool $112 million into buying a three percent stake in Sharp. Making matters complicated, Sharp, an Apple supplier, has been trying to negotiate another investment from Apple's favorite manufacturer Hon Hai Precision Industry, known in the Western world as Foxconn. Last year, as you know, Foxconn was trying to acquire an eleven percent stake in Sharp.

There have been indications that Foxconn wanted to re-negotiate after Sharp’s share price tumbled, but most recent reports assert the deal has all but fallen apart. We're now hearing that Foxconn CEO Terry Gou has cancelled talks with Sharp after learning that his potential partner has gone to bed with Samsung, even more so now that Sharp is expected to supply more LCD panels to Samsung than to Apple...

New Apple supplier concerns drag share down

Ed Sutherland ∙ Updated June 13, 2016

Spring is just around the corner, the sun is shining and new concerns about Apple suppliers appear like so many dandelions. Never mind CEO Tim Cook said it's impossible to determine the health of the iPhone maker simply by looking at suppliers.

Just as Washington, DC trades in political rumors, Wall Street and Silicon Valley are back with new scuttlebutt about Apple's supply chain.

As a result, Apple's stock dipped lower Monday on word that orders to suppliers were the worst on record - at least for one analyst. Others believe higher sales of iPad minis versus the larger tablet is cause for concern, while still others forecast a slow summer and then return to profitability...

Foxconn and TSMC recruit 5,000 workers each ahead of Apple product launches

Christian Zibreg ∙ March 11, 2013

Apple's contract manufacturer Hon Hai Precision Industry - also know in the Western world as the controversial Foxconn - and Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest independent semiconductor foundry, will each add 5,000 new jobs just as Apple is conveniently expected to refresh its existing product families and possibly venture into the HD TV and smartwatch markets. If true, the report could also explain "the worst February" Topeka Capital has seen in terms of Apple's supply chain procurement of components...

Apple suppliers hit 99% compliance for working hour limits in January

Cody Lee ∙ March 6, 2013

About this time last year, Apple was dealing with a wealth of bad press over the working conditions at its Asian suppliers. The New York Times painted a particularly bleak picture of the situation, with underpaid, underaged, overworked employees.

Since then, the company has really stepped up its game in supplier responsibility. The companies who used underage workers have been cut, workers have received pay raises, and as of January, 99% of them came in under the 60-hour work week limit...

iPhone 5S production reportedly already underway at Foxconn

Cody Lee ∙ March 5, 2013

Talk of Apple's next-generation iPhone has really begun to pick up over the past few days, with two reports coming within the last 24 hours claiming that the company is set to roll out its new handset this summer.

And that continues to be the consensus, as another report has surfaced this evening corroborating the theory. Japanese blog Macotakara is claiming Foxconn has begun ramping up production of the iPhone 5S...

Barclays: budget iPhone and China Mobile-compatible iPhone 5S due in August

Christian Zibreg ∙ March 1, 2013

Per a rumor out of China, Apple won't release a new iPhone at its upcoming summer developer conference. Instead, Tim Cook & Co. are thought to be targeting an August 2013 launch for both the iPhone 5S, a specs upgrade, and an inexpensive iPhone model, aimed at emerging markets that sell mostly unsubsidized handsets. And for the first time, the next iPhone will be Apple's first truly world phone capable of supporting a bunch of flavors of fourth-generation Long-Term Evolution (LTE) radio technology, including China Mobile-compatible TD-SCDMA network...

Sharp and Foxconn deal has all but fallen apart

Cody Lee ∙ February 25, 2013

For a year now, we've been hearing that Foxconn was going to buy a large stake in Sharp Corp. Speculation of the deal has run rampant, going so far as to implicate that the partnership was part of Apple's plans to build a TV.

But over the last several months, Sharp's business has started to falter, causing Foxconn to rethink things. Since then, the companies haven't been able to come to an agreement. And according to a new report, they won't...

AAPL falls on talk of Foxconn hiring freeze

Christian Zibreg ∙ Updated January 28, 2019

Shares of Apple are (again) under pressure as Financial Times issued a report Wednesday that Foxconn, the world's largest contract manufacturer that assembles iPhones and other products for Apple and other tech giants, is putting a freeze on recruitment in China as it slows production of the iPhone 5.

It wasn't clear whether Foxconn winding down iPhone manufacturing means that Apple is getting ready to produce a next-gen iPhone or that iPhone 5 demand is falling amid fierce competition in the smartphone market, but investors are already punishing the stock which fell in pre-market trading to under $460, even with a Foxconn spokesperson clarifying that the decision wasn’t related to iPhone 5 production as more employees returned from the Chinese New Year break than a year earlier...

New map graphic shows how massive Apple’s supply chain really is

Cody Lee ∙ Updated January 26, 2016

When you think about Apple's supply chain, the first—and only, for some—place that comes to mind is China. Images start propagating in the mind of oft-reported impoverished plants with thousands of factory workers building iPhones and iPads. But there's much more to it.

The truth is, Apple's supply chain is far more expansive, reaching all the way around the globe. As this new interactive map shows, the company receives components from suppliers, and production support, from the United States, Australia, Brazil and several other places...