‘The iPhone 6 Effect’ helping boost Asian economies by as much as 8.6 percent, say analysts

components

Component orders by Apple for the iPhone 6 are a significant factor in the current thriving state of a number of Asian economies, say analysts and government officials cited by the WSJ.

Analysts expect companies from Taiwan, Japan and South Korea that supplied earlier versions of the iPhone to produce key components like displays, camera lenses and microprocessors. Already, some of those companies are announcing increased earnings or forecasts, and economists and analysts are talking about an Apple effect on whole sectors and economies …

Read more

Foxconn gives a shoutout to Apple products after profits climb 13 percent

foxconn-workers

Apple’s lead manufacturer Foxconn reported a 13 percent rise in net profit to 106.7B new Taiwan dollars (US$3.5B) following record iPhone and iPad sales, reports the WSJ. More than 40 percent of the company’s revenue comes from Apple.

The news comes a few days after Apple supplier Pegatron reported a 22 percent rise in earnings.

Hon Hai’s results were underpinned by demand from Cupertino, Calif.-based Apple, which sold 51 million iPhones in its fiscal first quarter ended Dec. 28, 2013—up 7% from the same period the previous year […]

Apple also said it sold a record 26 million iPads in the quarter, compared with 22.9 million in the year-ago period …

Read more

Pegatron faces renewed labor scrutiny after death of under-age worker at iPhone 5c factory [Updated]

China Foxconn

Update: Apple has issued a statement stating that it sent medical experts to investigate and found no link to the boy’s employment. It has not commented on the fact that the worker was under-age, but it has been revealed that he used his 21-year-old cousin’s ID to get the job.

Last month we sent independent medical experts from the U.S. and China to conduct an investigation of the (Pegatron) factory. While they have found no evidence of any link to working conditions there, we realize that is of little comfort to the families who have lost their loved ones.

Apple has a long-standing commitment to providing a safe and healthy workplace for every worker in our supply chain, and we have a team working with Pegatron at their facility to ensure that conditions meet our high standards.

Original story:

China Labor Watch says Pegatron has failed to properly explain the deaths of five young workers at a factory making the iPhone 5c, including one who was found to be just 15 years old, reports the Sydney Morning Herald.

Pegatron, the Taiwanese manufacturer that employed him, said the workplace environment at the Shanghai plant was not the cause of his illness. But a spokeswoman acknowledged that several other young workers at the factory had also died in the past few months […]

“Considering the sudden deaths of five people and the similar reason of the deaths, we believe there should be some relations between the tragedy and the working conditions in the factory,” said Li Qiang, who runs China Labor Watch …  Read more

Report claims both likely & unlikely display changes for future Apple devices

display

A report from Korea’s ETNews has outlined a series of claims pointing to dramatic shifts in display technologies for Apple devices. Over the next year, the report says that Apple is expected to redefine its screens for iPhones, iPads, and MacBooks. Here are the reported display trends:

  • iPhones will move to screens larger than 5-inches
  • iPads will be diversified into entry-level and premium models depending on display size. This report reiterates claims of a 12.9/13-inch model
  • iPad mini will gain a higher-resolution display next year
  • OLED displays will be integrated into Apple products, including Apple’s upcoming “iWatch”
  • More power-efficient LED displays for MacBooks
  • Further, the report claims that Apple will continue to use displays from Japan Display, but the company will increase its reliance on both LG and Samsung for screens

Looking at each claim on its own, some make sense, while others do not. The iPhone has long been expected to adopt a larger display in 2014, but the exact screen-size has been unclear. Apple has been testing screen sizes between 4.7-inches and 6-inches, with a reliable analyst recently pointing to a screen size in between 4.5 and 5 inches

Read more

Foxconn posts record profits citing increased efficiency of iPhone and iPad production

foxconnHon Hai Precision Industry Co, better known by its parent company name Foxconn, posted record quarterly profits in the final quarter of last year, citing increased production and improved efficiency of iPhones and iPads, as reported by Bloomberg.

Net income rose 5.6 percent to $1.2 billion, ahead of analyst expectations, but may face more challenging times ahead … Read more