Foxconn revenue for December fell by 8%, reports the iPhone assembler, citing a large fall in demand in the ‘consumer product category.’
The company didn’t get any more specific than that, but in the light of Apple’s guidance downgrade for the holiday quarter, reduced demand for iPhones seems the most likely explanation …
Apple may shift a larger portion of iPhone production to Pegatron, in order to comply with the iPhone sales ban injunction announced by a Chinese court on Monday. According to a report from Nikkei, iPhones assembled by Foxconn and Wistron are in infringement of Qualcomm patents … but Pegatron-produced iPhones are not (Qualcomm confirmed Pegatron is exempt).
Pegatron has a patent licensing agreement in place with Qualcomm that covers the two patents at the center of the ban. Apple believes that if its hand is forced, it can (at least partially) substitute Foxconn and Wistron assembly with Pegatron.
Early sales of the iPhone XS and XS Max appear to have gone well, with iPhone assembler Foxconn reporting a record high for its Q3 revenue …
Apple has reportedly had to rejig production plans for the iPhone XR after one of its suppliers ran into manufacturing issues with the new phone, due to go on sale on October 26 …
iPhone assembler Foxconn has reported profits of T$17.49B ($567M) for the second quarter of the year. That represents its second quarterly fall …
iPhone assembler Foxconn is reportedly offering staff retention bonuses as it begins ramping up hiring for production of this year’s models …
Key Apple supply chain partner Foxconn has now broken ground on its first plant in the United States. The Wisconsin factory project is estimated to cost $10 billion and create thousands of jobs. President Donald Trump attended the construction launch, who has said he hopes this project will help kickstart a wave of US manufacturing, with less reliance on Asia.
The wisdom of Wisconsin offering $3B in subsidies to persuade Foxconn to build a display factory in Racine County is being further questioned today.
It’s been revealed that taxpayers are now coughing up an additional billion dollars in sweeteners not long after it was reported that Foxconn may not be investing the full $10B it promised …
Foxconn recently spoke about some of its plans to become less dependent on iPhone assembly orders, and one of the company’s biggest initiatives is off to a good start …
Being overly dependent on Apple orders can be dangerous to the health of a business. Ask Imagination Tech or Dialog. Which is why iPhone assembler Foxconn is seeking to diversify its business.
In a new interview, Louis Woo, special assistant to Foxconn chairman Terry Gou, outlined some of the company’s plans – and how it has to be careful not to be seen to be competing with Apple …
When iPhone assembler Foxconn announced that it was building a new display plant in Wisconsin, there was much celebrating over the $10B investment. But it now seems that the company may be planning to scale back the plant …
Among the gloomy predictions being made for iPhone X sales, analysts were predicting that lead iPhone assembler Foxconn would announce declining profits for Q4 2017 …
A Hong-Kong based subsidiary, FIT Hon Teng, of Taiwan-based iPhone supplier Foxconn is looking to acquire Belkin, a well-known iPhone accessory maker.
iPhone assembler Foxconn is seeking to diversify its production lines as it says the smartphone market has become stagnant. The company currently relies on Apple for around half of its revenue, but has ambitious plans for even higher-end manufacturing …
Foxconn said it took ‘immediate action’ to end the illegal hours being worked by high school students on the iPhone X production line.
The statement follows confirmation by Apple that students aged 17-19 were allowed to work more than 40 hours per week despite this being in breach of both the law and the company’s own policies …
Apple has confirmed a Financial Times report that high school students interning at Foxconn exceeded their legal hours while working on the iPhone X production line. The company has, however, denied claims that the students were forced to carry out the work as a condition of graduation from school.
The report relates to 3,000 high school students who take part in a three-month long work experience program …
Foxconn reported its largest year-over-year earnings decline in a decade because of the initial iPhone X production problems. Via Bloomberg, Hon Hai Precision Industry Co. (Foxconn) profits fell to $700 million in calendar Q3, a 40% decline compared to the same quarter in the previous year.
Foxconn will be supplying System in Package (SiP) for the Apple Watch from next year though its affiliate ShunSin Technology, according to a supply-chain report …
iPhone assembler Foxconn has reported revenues of NT$451.04B (US$14.83B) for September, up 42.4% on the previous month, but down 3.7% year-on-year.
What’s interesting about this is what it appears to indicate about iPhone 8 sales …
The ongoing saga of Toshiba’s sale of its memory chip business seems destined never to end. First it was unclear whether it was Apple or Foxconn bidding for it, then it was both, but possibly neither, then Apple without Foxconn – and in the latest twist, the two are now bidding rivals …
The $3B tax subsidy package needed to persuade Foxconn to open a display plant in Wisconsin passed its second hurdle yesterday as the Wisconsin state assembly voted to approve the deal. This follows a vote by the jobs & economy committee earlier in the week …
Foxconn has reported July revenues of NT$315.06 billion (US$10.62 billion), up 7.53% year-on-year. Its revenue would have been even higher but strong consumer electronics income was offset by poorer performance elsewhere in the business …
Update: Reuters reports that the Wisconsin Assembly’s jobs and economy committee voted 8-5, along party lines, to recommend the deal. The Wisconsin State Assembly will vote next, followed by Wisconsin State Senate and by the joint finance committee, before going to the governor for final approval.
While previous reports on Foxconn’s U.S. display factory have described it as making large panels for use in TVs and monitors, a WSJ post today claims that it will be making LCD screens for iPhones.
The facility, which would build liquid-crystal display technology, or LCD, screens used for Apple Inc.’s iPhone, would be the first of its kind in North America.
It’s unclear whether the WSJ has new information, or has made what appears to be a common error of conflating Foxconn with iPhone production.
The wisdom of Wisconsin proving a $3B tax subsidy – amounting to a full 30% of Foxconn’s investment – is again being questioned after a state fiscal analysis calculated that taxpayers wouldn’t recoup their investment until the 2042-2043 fiscal year …
