Foxconn recovering from coronavirus with better than expected profits

Apple supplier Foxconn has reported second quarter revenues of $778.54 million, considerably above predictions. The company credits coronavirus telecommuting demand for the increase.

William Gallagher 5 years ago 1

Foxconn starts major hiring drive for 'iPhone 12' assembly lines

Foxconn has commenced its annual recruiting drive to bring on more staff to its facilities in China, in preparation for the start of mass production for the "iPhone 12."

Malcolm Owen 5 years ago 2

Six Apple production lines capable of $5 billion in exports allegedly moving to India

An inconsistent report claims that unnamed Apple manufacturing partners are moving six iPhone production lines to India, as part of an increasing trend to relocate from China.

William Gallagher 5 years ago 6

Foxconn now making Apple's iPhone 11 in India

The company's plant near Chennai has previously made the iPhone XR, but this is the first time Foxconn has made any of the iPhone 11 range in the country.

William Gallagher 5 years ago 3

Luxshare iPhone factory purchase is bad news for Foxconn, Pegatron

The sale of an iPhone factory owned by Wistron to Luxshare may be a long-term problem for rival Apple supply chain partners Hon Hai and Pegatron, JP Morgan reckons, with the purchase likely to help Wistron increase its involvement in iPhone production further.

Malcolm Owen 5 years ago 8

Foxconn rival Luxshare buys iPhone production plant from Wistron

In an attempt to secure a place in the iPhone supply chain, AirPods supplier Luxshare has purchased an iPhone plant for $472 million dollars.

Amber Neely 5 years ago 1

Apple reportedly pushes Foxconn to invest $1B to expand iPhone manufacturing in India

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.

Mikey Campbell 5 years ago 35

Apple starts trial production of semitransparent lenses for AR devices

Polarized and semi-transparent lenses for "Apple Glass" have reportedly begun trial production runs at Apple supplier Foxconn.

William Gallagher 5 years ago 39

Foxconn revenues start to recover from coronavirus

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.

William Gallagher 5 years ago 0

Apple supplier Foxconn says India customs issue has been resolved

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.

William Gallagher 5 years ago 0

Apple supply chain still disrupted as China-India tensions mount

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.

Amber Neely 5 years ago 5

India-China border dispute causing Apple shipment complications

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.

William Gallagher 5 years ago 0

Apple to assemble new iPhone SE in India to avoid 20% import tax

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.

Mike Wuerthele 5 years ago 1

How Apple learned automation can't match human skill

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.

William Gallagher 6 years ago 15

Foxconn posts 90% first-quarter profit drop, but worst is over

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.

William Gallagher 6 years ago 3

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