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
























