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iPhone 12 demand set to remain high, but component shortages will bite

iPhone 12 demand set to remain high

Foxconn earnings and expectations for the rest of the year suggest that iPhone 12 demand is set to remain high through the first half of the year.

Chairman Young Liu said that sales of “all product lines” likely grew in the first quarter of the year, and that Foxconn is “cautiously optimistic” on the outlook for the rest of the year …

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More evidence of better-than-expected iPhone 12 demand as Foxconn beats revenue expectations

Foxconn revenues suupport iPhone 12 demand narrative

A report last month suggested that Apple was taken by surprise by better-than-expected iPhone 12 demand, boosting 2021 production plans by between 20% and 30% – and supporting evidence continues to accumulate.

Counterpoint found that the iPhone 12 was the world’s best-selling 5G phone, Qualcomm’s dramatic boost in Q3 2020 revenue was largely credited to the new iPhone lineup, and other supply-chain sources pointed to reality matching the supercycle hype. Today, record revenues for primary iPhone supplier Foxconn adds to the weight of evidence …

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Indian manufacturing incentives of 4-6% confirmed for Apple and Samsung

Indian manufacturing incentives confirmed for Apple

Indian manufacturing incentives proposed earlier in the year have now been confirmed. In return for manufacturing premium smartphones in India, manufacturers will qualify for incentives worth between 4% and 6% of the cost of each device.

Although open to any brand, the scheme has a requirement which is expected to primarily benefit Apple and Samsung …

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Foxconn smartphone revenue dropped 15% in Q2; expects 10% drop in Q3

Foxconn smartphone revenue dropped 15% in Q2

Foxconn smartphone revenue dropped by 15% in the second quarter of the year, according to the company’s latest earnings report. Although Foxconn has a number of phone clients, the majority of its smartphone revenue comes from Apple.

The company had previously warned that the impact of the coronavirus crisis on smartphone demand would be ‘enormous‘ …

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iPhone assembly in India badly disrupted as Chinese border dispute worsens [U]

iPhone assembly in India disrupted

Update: There seems some potential good news ahead. Economic Times reports that the Indian government is considering an exemption to the checks for foreign companies like Apple.

iPhone assembly in India has been badly disrupted as tensions with China continue to rise, says a new report.

Components arriving from China are said to have been held in Indian customs in what seems to be the latest escalation of the fallout from a disputed border between the two countries…



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Foxconn profits down 90%, coronavirus impact on smartphone demand ‘enormous’

Foxconn predicts enormous coronavirus impact on smartphone demand

Foxconn says that the coronavirus impact on smartphone demand is set to be ‘enormous,’ and recovery will take ‘a very long time.’

Company chairman Liu Young-way made the comments as Foxconn reported first-quarter profits down 90% year-on-year as a result of production shutdowns in China at the height of the coronavirus crisis there …



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Latest claim for Foxconn’s Wisconsin factory is that it will make ventilators

Foxconn's Wisconsin factory to make ventilators

Foxconn’s Wisconsin factory is a seemingly never-ending tale of conflicting claims about what it will do and when it will do it. The latest of these is that it will now be used to make medical ventilators, to help hospitals cope with demand for intensive care beds during the coronavirus crisis.

The Taiwanese company says that it will be partnering with a US medical firm …



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Foxconn’s iPhone 12 production ‘on schedule’ but supply-chain doubts remain

Foxconn's iPhone 12 production on schedule

There has been much speculation lately about whether or not Apple will need to delay iPhone 12 production, either due to supply-chain difficulties or over fears that demand won’t be there by the fall.

A new report today says that Foxconn’s iPhone 12 production remains on schedule, though there do remain doubts about upstream suppliers when it comes to mass-production in the summer …



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Apple’s major vendor Foxconn says coronavirus made Feb. revenue drop $1.6B

Foxconn

Apple previously warned that it wouldn’t meet its March quarter guidance and now one of its primary manufacturing partners, Foxconn has shared an update today on how coronavirus has affected its business. It shows how big of an impact the virus has had when comparing last month’s revenue to January as well as the same period last year.



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Key iPhone assembler Foxconn expects to be running at full capacity in China by end of March

Foxconn's biggest iPhone plants

As the impacts of the coronavirus on businesses remain unclear, Foxconn is trying to appease its partners by announcing today that it expects to resume normal production at full capacity in China by the end of March.

Foxconn remains Apple’s primary producer of high-end flagship iPhone models. Whilst parts come in from all over the world, final assembly of Apple’s most expensive iPhones happens in Foxconn factories, so it’s good news for Apple that Foxconn thinks it can be back up and running sooner rather than later.



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iPhone production woes pale as coronavirus declared humanity’s greatest threat

Coronavirus declared humanity's greatest threat

The World Health Organization has put concerns over iPhone production into context by declaring that the coronavirus is now humanity’s greatest threat.

Initially thought to be less deadly than the SARS outbreak which killed 774 people across 2002 and 2003, the WHO now says that the death toll from the coronavirus is already well in excess of this



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