Apple CEO Tim Cook, while squirming Tuesday under Congressional questions about the company’s tax-savings tactics, revealed an interesting tidbit: the Lone Star State will build the the tech giant’s made-in-USA Mac. Testifying before the Senate Permanent Subcommittee on Investigations, Cook said the Mac would be assembled in Texas, with parts coming from other regions of the country… Read More
Hon Hai Precision Industry aka Foxconn, Apple’s contract manufacturer of choice and the world’s largest product assembler, is under threat to losing orders to rival Pegatron, which has been building older Apple products Like the iPhone 4S and 4.
According to a new Reuters report, Pegatron “wants to grab more orders to assemble the fast-selling iPhone and iPad.” And in order to achieve this self-imposed goal, the Taiwanese manufacturer, which also builds the iPad mini, is reportedly ready to offer “more competitive pricing,” even if it has to sacrifice its margins. The news gathering organization reports that Pegatron “appears to be succeeding” in pulling in more orders from Apple… Read More
Hon Hai Precision Industry – better known in the Western world as Foxconn – is the world’s top manufacturer of consumer electronics. And with Apple products – the iPhone in particular – accounting for at least 40 percent of its revenue, the contract manufacturer’s fortunes are tied to Apple’s.
Needles to say, the company’s leadership never complained about relying on Apple so much as long as sales were growing substantially. But with Apple’s growth cooling off amid a broader sales lull affecting pricey high-end smartphones like the iPhone, Foxconn is now looking to lessen its exposure on the Apple smartphone and is apparently gearing up for a mass-scale production of an Apple-branded television set, the rumored iTV… Read More
When Apple introduced the iPhone 5 last fall, it made sure to mention its complex manufacturing process. “Never before have we built a product with this extraordinary level of fit and finish,” Jony Ive said during a video on the handset.
The extra effort has obviously paid off, as the iPhone 5 has been very popular with consumers. But it’s also causing problems for Foxconn, Apple’s manufacturing partner, who continues to struggle with the device’s intricate production methods… Read More
Remember how Apple’s use of Chinese factories to produce its iPad was the focus of attention during 2012? Well, so did members of the Pulitzer committee, which Monday awarded a 2013 Pulitzer Prize to the New York Times.
The paper won critical awards for its iEconomy series, a nine-part look at the working conditions in Chinese factories producing the popular tablet. But was the series a “penetrating look into business practices by Apple,” as the Pulitzer announcement claims, or simply a way to rehash a common practice by using the Apple brand as the foil? Read More
Hon Hai Precision Industry aka Foxconn, which assembles iPhones and iPads for Apple, but also consumer electronics on behalf of other vendors, has started hiring assembly-line workers in the tens of thousands in preparation for Apple’s next iPhone, both Bloomberg and the credulous Wall Street Journal reported Monday.
People familiar with the matter tell the publications that the world’s largest contract manufacturer has been recruiting workers for the past month at its plant in Zhengzhou, eastern China.
The reports come following February indications pointing to Foxconn imposing a recruitment freeze across almost all of its factories in China after more workers returned from the Chinese New Year break than did last year, a move some attributed to the supposedly weakening iPhone demand… Read More
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”… Read More
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… Read More
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… Read More
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… Read More
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… Read More
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… Read More
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… Read More
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… Read More
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… Read More
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… Read More
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… Read More
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… Read More
At last, some pretty credible parts apparently belonging to the iPhone 5S are starting to emerge. A set of images posted by a Chinese tech site and allegedly depicting the iPhone 5S parts on an assembly line include several shots of the device’s internals, including a vibration motor that looks to be a linear oscillating vibrator like that of the iPhone 4S.
That would be a departure from the iPhone 5′s more noisy rotational motor which uses counterweight. It wasn’t immediately clear whether the leaked images are authentic or perhaps show an iPhone clone being assembled somewhere in China, though latter seems to be the case. I’ve included a few more snaps right past the fold… Read More
The New York Times tech columnist Nick Bilton has recycled his December 2011 story of a curved-glass iPod, now claiming in a new piece published this morning that a wearable computer by Apple is actually in the works. An iWatch apparently runs iOS, the story has it, and will stand apart from competition based on Apple’s “understanding of how such glass can curve around the human body”.
Not to be outdone by its chief competitor, the credulous Wall Street Journal just issued its own iWatch report corroborating Bilton’s article and adding a few tidbits of its own… Read More
