News tagged ‘Foxconn’
According to The Wall Street Journal, Hon Hai Precision Industry Company, widely recognized as Foxconn, has experienced an abrupt upsurge of 41% of the second quarter profits. Foxconn is Apple's leading iPhone and iPad assembler, and the increase in revenue is accounte to by high iPhone sales rates.
The report notes that 40% of Foxconn's profits come from Apple. In the second quarter of 2013 the figure of net profit of Hon Hai Precision Industry reached the top point of NT$16.98 billion (USD $566.7 Million) as compared NT$12.06 billion (USD $402 million) from the same period in 2012.
According to Reuters, Apple supplier Pegatron is likely to enjoy a 50 percent increase in Q3 revenue. The supplier reaches the figure despite the stable decline of its PC business continuing. The sector responsible for the revenue upsuge is the iPhone. The following announcement was made by Pegatron after the company did not live up o analyst's expectations concerning revenue in Q2.
“We expect revenue in the non-computing segment to grow by 40 to 50 percent in Q3 due to new consumer products. Q4 will also be higher,” said company CEO and President Jason Cheng in an investor conference.
Pegatron is most likely to be responsible for production of the low-budget iPhone 5C – the plastic iPhone. Moreover, Digitimes rumored that it may turn to be the second iPhone 5S supplier, although Foxconn is responsible for the major production. Both handsets are expected to be announced by Apple on 10th September.
Apple suppliers - UniMicron and Foxconn - are accused of dumping toxic waste into nearby rivers, The Wall Street Journal reports. Taking into account numerous accusations and suspicions of local environmental groups, Chinese government decided to begin the investigation of the incident.
Hon Hai Group, or Foxconn, is about to employ around 90,000 workers to improve the productivity of its Shenzhen facility. Before the plant reached 210,000 workers, with a peak of 300,000.
The additional employees will help with orders for Apple's iPhone 5S, the one boasting the rumored finger print scanner, upgraded processor, improved camera and more. The low cost iPhone is speculated to be the iPhone 5C will feature a plastic shell in multiple colors with comparable specs to the current iPhone 5.
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Apple’s supplier - Pegatron - is accused of 86 labor rights violations, China Labor Watch reports. The information about these infringements was collected by undercover investigators, who have been working on three Pegatron factories for a couple of months. They claim about underage workers employment, low wages, poor working conditions and other infringements.
According to China Business News, Foxconn’s currently hiring new workers for, presumably, a next generation iPhone. As the source claim, the recruitment firm, which works with Foxconn, has recently began a campaign aimed to find people capable of assembling the new Apple device.
"Workers have been recruited at Foxconn’s plant in Zhengzhou, eastern China, for the past month, ending a hiring freeze imposed in February, said the person, who asked not to be named because the plans haven’t been made public. The extra workers will assemble the new device as well as existing models and have been added at Apple’s request to boost capacity, the person said”.
DigiTimes reports that the components for the next generation iPhone will be shipped at the end of may, and the new Apple’s smartphone may appear somewhere in the third quarter. This confirms other reports that iPhones will be released in June or July.
“Apple is reportedly set to move its Mac mini production lines back to the US with Foxconn Electronics (Hon Hai Precision Industry) to be responsible of handling establishment, according to sources from the upstream supply chain”.
According to the