foxconn

Apple pushing supply chain load from Foxconn to Pegatron, says sources

Apple pushing supply chain load from Foxconn to Pegatron, says sources

As we noted yesterday, Apple's Tim Cook hinted that variations of the iPhone, such as versions that fall at different price points, could be in the company's future. Rumors of a low-cost iPhone have been circulating for months now, with at one point Apple's Phil Schiller saying such a device will never have a future in the company's products. Despite that, the rumor is still alive, and today sources told the Wall Street Journal that a low-cost iPhone is expected to be made available later this year.

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Foxconn own-brand expansion tipped as Apple orders plateau

Foxconn own-brand expansion tipped as Apple orders plateau

Apple's tussle for market share with Samsung has forced Foxconn to consider launching its own brand of accessories, sources claim, as the long-time iPhone manufacturing partner hunts alternative sources of income. "Limited order growth" among Foxconn's bigger clients has been blamed for the strategy shift, one Hon Hai executive told the WSJ, with sources claiming that the company is no longer satisfied with contract manufacturing and instead wants to leverage its own brand. Another possibility is white-label content supply, branching out into media Foxconn would supply to its existing customers.

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Foxconn continues to violate Chinese labor laws says report

Foxconn continues to violate Chinese labor laws says report

Foxconn has come under fire repeatedly, fueled by several worker suicides and threats of suicides, as well as protests and its eventual installation of nets to catch employees who jump from the roof. Because of the criticism, the Chinese manufacturer - which supplies some Apple devices, among others - agreed to over 300 terms set forth by Apple after a Fair Labor Association investigation. While some things have changed, the latest report shows that employees are still being overworked.

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Foxconn sales fell 19% this quarter, blame is placed on Apple’s iPhone

Foxconn sales fell 19% this quarter, blame is placed on Apple’s iPhone

Hon Hai Precision Industry Co Ltd, also known as Foxconn, has reported a 19% decline in sales for Q1 this year. Its sales totaled T$808.97 billion ($27 billion USD) this quarter, which is down from T$1 trillion ($33.37 billion USD) it generated in Q1 2012, and down from the T$988.34 billion ($33.31 billion USD) it generated in Q4 2012. Because Foxconn gets a lot of its business from Apple's iPhones and iPads, many people are blaming the "lack of demand" for Apple's products to be the reasoning behind Foxconn's decline.

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Sharp may not need Foxconn after all

Sharp may not need Foxconn after all

Sharp has been in a financial rut for quite a while now, and if things don't go its way, it could wind up filing for bankruptcy. Many companies have rallied to save Sharp's financial back by making generous investments. Samsung invested about $111.5 million in Sharp to gain a 3% stake in the LCD panel manufacturer, and Qualcomm invested $120 million in order for Sharp to develop MEMS display technology for Qualcomm's subsidy, Pixtronix.

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