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.
Key Apple suppliers—TSMC, the sole supplier of Apple-designed mobile chips, and Foxconn, which assembles iPhones—today reported strong November revenue, but that didn't stop Bloomberg from pushing its narrative that the latest lineup is “falling flat with global consumers” as “iPhone concerns persist”.
Foxconn Electronics is now tasked with producing more of Apple's iPhone XR devices. Originally, rival Pegatron was supposed to produce 5o to 60 percent of the LCD-based handsets. Capacity constraints and delayed shipments of critical components lead to the change, according to DigiTimes.
As Apple is prepping to kick off mass-production of 2018's iPhone models, its favorite manufacturer Foxconn is now offering staff retention bonuses and ramping up seasonal hiring.
As expected, Foxconn on Thursday broke ground on a new 20 million-square-foot complex in Wisconsin that will make LCD panels. The project, first announced in 2017, could bring thousands of new jobs to the midwest state.
During a Thursday ceremony in Wisconsin, President Donald Trump will no doubt call this week's groundbreaking of Foxconn's 20 million-square-foot complex that will make LCD panels an example of how his administration is "making America great again." That may be true for the citizens of Wisconsin in the long-run, but right now it has become a far costlier proposition than once imagined, according to The Wall Street Journal.
A future HomePod iteration should not leave ring marks on treated wood furniture.
A report Thursday alleged that HomePod sales have been lackluster thus far.
Foxconn Interconnect Technology, a Foxconn subsidiary, is acquiring popular accessory maker Belkin for $866 million in cash, the companies jointly announced on Monday. The deal will also include other brands in the Belkin portfolio, including Linksys, Wemo, and Phyn.
Apple's MacBook Pro, which was thoroughly redesigned in 2016 with Touch Bar, new CPUs, GPUs and storage and more, reportedly will not be seeing any major hardware bumps this year.
Shares in several of Apple's Asian suppliers fell for a second straight day on Tuesday following a report from Taiwan's Economic Daily and some analysts saying that iPhone X demand could come in below expectations during the first quarter of next year.
iPhone X shipping times saw improvements to one to two weeks across the board this week. This triggered speculation that weak demand for Apple’s latest flagship might have been the cause of these improved delivery dates.
Ming-Chi Kuo of KGI Securities refutes this speculation, instead reporting that Apple has made significant supply chain improvements that are responsible for these accelerated shipping estimates.