Foxconn Stories August 22
Foxconn Stories August 12
iPhone assembler Foxconn has reported a 31% drop in its Q2 net profit, a hit being attributed to the recent decline in iPhone sales. The company reported net profits of NT$17.7B ($566) against analyst expectations of NT$23.9B, reports the WSJ.
There was some good news for the company, however, as its acquisition of Sharp got the government approval necessary to make the deal fully official.
The impact on suppliers of reduced iPhone demand was first seen back in May, when it was reported that Foxconn, Pegatron, Sharp, Japan Display and Sony had all seen their fortunes falling. The impact on one supplier in particular has worsened dramatically … expand full story
Foxconn Stories July 5
A Digitimes report claims that Apple suppliers are facing pressure from Apple to reduce costs, with major players like Foxconn and Pegatron affected. Apple is in some cases adding suppliers into the mix to help drive down pricing. It was recently reported that Sharp was gearing up to compete with Samsung and LG for the OLED displays Apple is expected to use for future iPhones.
Currently, Largan is facing strong competition from Japan-based Kantatsu over camera module orders, while Foxconn and Pegatron are seeing Apple adding new ODM partners such as Wistron for the production of its new iPhone.
Taiwan’s printed circuit board (PCB) players are also competing aggressively over Apple’s orders by cutting prices.
A major British supplier has also just posted the largest loss in its history …
Foxconn Stories June 24
With Apple expected to switch to OLED screens for future iPhones, it appears that it may not need to rely completely on the two major manufacturers for long. While Samsung and LG currently manufacture most of the world’s OLED screens between them, Nikkei reports that Sharp expects to be doing the same ‘before 2018’ …
Foxconn Stories May 25
The South China Morning Post reports that iPhone maker Foxconn has replaced more than half of its workforce with robots since the launch of the iPhone 6. The figures were provided by the local government in Kunshan, where the company is based.
“The Foxconn factory has reduced its employee strength from 110,000 to 50,000, thanks to the introduction of robots. It has tasted success in reduction of labour costs,” said the department’s head Xu Yulian …
Foxconn Stories May 13