Foxconn has been forced to cut contract workers early amid iPhone sales slump, reports Nikkei. Citing an industry source familiar with the situation, the outlet says around 50,000 seasonal employees have been let go since October at the company’s top iPhone factory in Zhengzhou, China.
Apple’s favorite manufacturer Foxconn has begun offering staff retention bonuses as it ramps up seasonal hiring for mass-production of a second-generation iPhone X, iPhone X Plus and a new 6.1-inch LCD model.
Following reports from some early adopters who complained that their HomePod was leaving visible ring marks on treated wood furniture and other wooden surfaces, Apple is reportedly working to rectify the situation by developing a new material.
A new Bloomberg report, short on facts, claims HomePod sales are low based on limited understanding of supply channel checks and unreliable data from Slice Intelligence which 3 years ago said Apple Watch sales were “collapsing”.
Foxconn is acquiring popular accessory maker Belkin for $866 million in cash. The deal will also include other brands in the Belkin portfolio, including Linksys, Wemo, and Phyn. With this acquisition, Foxconn intends to make a push into the premium accessories business, and the smart home market.