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News tagged ‘Foxconn’


Foxconn profits raise by 41% due to high iPhone sales





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.


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Written by Lizzen

Wednesday, August 14th, 2013. 15:55

Pegatron revenue upsurges thanks to iPhone production



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.


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Written by Lizzen

Monday, August 12th, 2013. 20:02

UniMicron and Foxconn Dump Toxic Waste into Rivers?



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.


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Written by NickTarasenko

Monday, August 5th, 2013. 18:55

Foxconn is emplying staff for Low-Cost iPhone and iPhone 5S



It is reported that Foxconn is employing staff to produce the requested amount of Apple's next generation iPhone (iPhone 5S) and the low cost budget iPhone (iPhone 5C).

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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Written by Lizzen

Tuesday, July 30th, 2013. 23:54

Apple's Supplier - Pegatron - Violates Labor Rights



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.


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Written by NickTarasenko

Monday, July 29th, 2013. 17:54

Apple's Looking for New Suppliers



AppleInsider reports that according to KGI analyst Ming-Chi Kuo Apple’s currently looking for new suppliers. And there’re three main candidates, namely Taiwan's Compal Communications, Wistron and Inventec Appliances. The first company once worked for Nokia, Sony and Lenovo; the second one is a BlackBerry supplier and as to the third firm - it is currently working on Apple’s iPod.


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Written by NickTarasenko

Friday, July 12th, 2013. 22:26

Foxconn's Hiring Workers for the iPhone 6



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.


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Written by NickTarasenko

Wednesday, July 10th, 2013. 18:53

Foxconn Hiring New Workers For iPhone 5S Production



Today Bloomberg reported that Foxconn has started hiring new workers as it is preparing for iPhone 5S production. The report said:

"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”.


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Written by maxim

Tuesday, April 16th, 2013. 0:21

iPhone 5S is to appear at the 3rd quarter



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.

 


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Written by Svetlana Osipova

Thursday, March 21st, 2013. 20:10

Lower-Cost iPhone Will Have Thinner Plastic And Fiberglass Casing



AppleInsider reports that an analyst Ming-Chi Kuo from KGI Securities has shared a few new details about rumored Apple's low-cost iPhone. He expects the cheaper iPhone will have a plastic and fiberglass casing that will be thinner, lighter and stronger, than typical plastic casings.


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Written by maxim

Friday, March 15th, 2013. 22:37

Samsung takes 3% stake in Sharp screen production




The Wall Street Journal reports that Samsung has paid $112 million for a 3% stakes of Sharp's LCD screens, which is a key supplier of LCD screens for Samsung and Apple.

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Written by Svetlana Osipova

Wednesday, March 6th, 2013. 20:09

Analyst Says Cheaper iPhone and iPhone 5S Will Launch in August/September



Taiwan's Commercial Times points to a research note issed by an analyst Kirk Yang from Barclays claiming that Apple is planning to launch a lower-cost iPhone and an iPhone 5S in the August/September timeframe.


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Written by maxim

Friday, March 1st, 2013. 22:20

Apple Is Investing $3M To Open Its First Retail Location In Indonesia



NZWeek reports (via TNW) that Apple is planning to offer direct online sales in Indonesia and to open up its first brick-and-mortar store in the capital city, Jakarta. Today the Investment Coordinating Board (BKPM) in Indonesia announced that it has approved the application filed by Apple to open up a online shop in the country. Also the report claimed that Apple is going to invest 2-3 million U.S. dollars to open its first retail location in Jakarta.


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Written by maxim

Tuesday, January 22nd, 2013. 18:20

Apple Will Shift Mac mini Production To U.S.



According to a report from DigiTimes, Apple plans to move production of the Mac mini (not the Mac Pro as previously speculated) to the U.S. The report said:

“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”.


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Written by maxim

Thursday, December 27th, 2012. 14:23

Foxconn Source Says 46-55-inch Apple TV Sets Are Currently In Testing



According to the report from Taiwan’s Central News Agency, citing a source from Foxconn, the supplier is currently testing several designs for Apple’s HDTV sets, but it is "unlikely" that the product will be shipped in 2013.


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Written by maxim

Wednesday, December 19th, 2012. 20:51