Taiwanese contract manufacturer Foxconn is reportedly preparing to infuse up to $1 billion into a production facility in India, an investment supposedly made at the behest of Apple.
Despite its second quarter revenues still being lower than last year, Foxconn's finances appear to be recovering broadly in line with the company's forecast.
Ships from companies including iPhone manufacturer Foxconn had been held up by customs at Indian ports over ongoing China/India tensions, but at least some have now been cleared.
Over 150 Foxconn large-scale component shipments were stuck at the port of Chennai after clashes at the disputed Galwan Valley turned deadly, forcing continued backups in iPhone assemblies in India.
Freight arriving by container ship with a China origin containing goods from US firms including Apple and Dell are being held up as Indian ports refuse to clear shipments.
Apple appears poised to begin iPhone SE assembly in India, and in doing so, will be able to avoid a steep tax levied on smartphones imported into the country.
Apple has spent years and millions of dollars on automating its production lines with technology, and it has always reverted to using skilled human beings instead.
Apple's major iPhone manufacturer Foxconn has reported that the coronavirus has vastly reduced its lower profits, even more than analysts expected, but says that sales are now stabilizing.
Parallel reports have all recently claimed that Apple has decided to "delay the mass production" of its upcoming "iPhone 12", but these reports don't offer any meaningful evidence that this could result in a materially late launch. Here's a look at why.
Workers at Apple's component manufacturing factories say that their hours are being cut, and some are losing jobs, as the coronavirus has larger impacts on the world's demand for products — and maybe the release date of the "iPhone 12" as well.
Foxconn's innovation centers in Wisconsin are still largely unused, an investigation one year after the initial discovery reveals, despite assurances the Apple assembly partner will get its facilities in the state operational during 2020.
As Apple partner Foxconn restarts iPhone production in China, a report on Wednesday takes an in-depth look at the protocols the contract manufacturer has in place to prevent a resurgence of COVID-19.
Maybe 2019 was practice for Apple, as it is now used to releasing new products via a press release. That's what it had to do in March 2020 as the whole world self-isolated, and Apple Stores closed their doors.
A new report into Foxconn's financial situation suggests that it isn't the "iPhone 12" at risk for a later than expected release, but Apple products currently in development for future years will be affected by the COVID-19 outbreak the most.
Foxconn has assured investors that it has managed to recruit enough workers at all major Chinese factories before production of the "iPhone 12" is set to begin.
The coronavirus outbreak has made an impact on Foxconn's finances with the iPhone assembly partner enduring its biggest year-on-year drop in revenue for a month in a seven-year period due to the virus affecting its production pipeline.
