iPhone 12 demand set to remain high, but component shortages will bite
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 …
Expand Expanding CloseMore evidence of better-than-expected iPhone 12 demand as Foxconn beats revenue expectations
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 …
Expand Expanding CloseFolding iPhones enter testing, possible 2022 release, claims Chinese report
A Chinese report claims that Apple has had Foxconn and other suppliers make samples of folding iPhones, and that the devices could be launched as early as 2022.
Both Foxconn and Nippon Nippon have been asked to send samples so that Apple can see how they stand up to more than 100,000 fold operations …
Expand Expanding CloseFoxconn says iPhone 12 demand strong; Wisconsin farce continues
Key iPhone assembler Foxconn has said that iPhone 12 demand is strong, and sees that continuing through the holiday quarter.
The company made the statement at an investor conference today, where it was also asked about the promised Wisconsin plant which has so far failed to manufacture anything …
Expand Expanding CloseApple suppliers among those being pressured by US to leave China
Apple suppliers are among the Taiwanese tech companies being pressured by the White House to move their manufacturing operations away from China, says a new report today.
Washington is said to have “weaponized tech supply chains” against China…
Expand Expanding CloseIndian manufacturing incentives of 4-6% confirmed for Apple and Samsung
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 …
Expand Expanding CloseiPhone 12 production at full-tilt: 24H operation, mandatory overtime, no holidays
iPhone 12 production at Foxconn plants is now running at maximum capacity, with production lines operating 24 hours a day.
The company has reportedly introduced mandatory overtime for workers, and employees have been asked to forgo the eight-day national holiday beginning on October 1 …
Expand Expanding CloseFoxconn smartphone revenue dropped 15% in Q2; expects 10% drop in Q3
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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Government action that hit iPhone production in India now resolved — Foxconn
Government action that badly disrupted iPhone production in India is no longer affecting imports of iPhone components, according to a Foxconn statement…
iPhone assembly in India badly disrupted as Chinese border dispute worsens [U]
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…
Foxconn profits down 90%, coronavirus impact on smartphone demand ‘enormous’
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 …
As we await ventilator production, Foxconn’s Wisconsin offices still empty
Foxconn’s Wisconsin offices remain empty a year after the company said it would “correct” statements about them being unoccupied, says a new report today…
Foxconn’s strict coronavirus precautions include tracking where workers sit
Foxconn is implementing some of the world’s strictest coronavirus precautions as it aims to keep its one million workers safe and iPhone 12 production on schedule.
The Chinese government requires all factories to implement a series of specific safeguards, but Foxconn is going far further …
Latest claim for Foxconn’s Wisconsin factory is that it will 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 …
Coronavirus disruption sees Foxconn’s Q1 sales fall 12% year-on-year
Foxconn’s Q1 sales fell 12% year-on-year, announced the company today, with disruption due to the coronavirus likely the main reason for this.
Lockdowns in China began at the end of January, with many Foxconn workers unable to travel home from a national holiday…
Foxconn’s iPhone 12 production ‘on schedule’ but supply-chain doubts remain
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 …
Foxconn production ‘exceeds expectations’ but supply-chain worries remain
The speed at which Foxconn production has resumed following the coronavirus closures and slowdowns has ‘exceeded expectations,’ according to company founder Terry Gou.
The company hasn’t, however, revealed what those expectations were, and it has warned that there may be supply-chain problems ahead …
Apple’s major vendor Foxconn says coronavirus made Feb. revenue drop $1.6B
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.
Key iPhone assembler Foxconn expects to be running at full capacity in China by end of March
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.
Foxconn offers bonuses, free meals, shuttles, accommodation to attract workers
In an effort to persuade workers to return to its production plants, Foxconn is offering them bonuses, free shuttle-bus transportation, meals and accommodation …
Foxconn says has expansion plans for plants outside China re: coronavirus
Primary iPhone assembler Foxconn says that it has begun work on expansion plans for plants outside of China as it seeks to recover from production lost to the coronavirus outbreak.
The company is also ‘cautiously’ resuming production in China…
Foxconn denies report of iPhone production targets, but doesn’t reveal plans
Foxconn has denied a report which claimed to describe its iPhone production targets as it struggles to deal with disruption caused by the coronavirus outbreak.
Reuters had claimed that chairman Liu Young-Way was aiming to be at 50% of normal production levels by the end of this month, and 80% in March…
iPhone production woes pale as 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…
Foxconn’s biggest iPhone plants: one banned from reopening, second 10% staffed
The impact of the coronavirus on Apple suppliers continues into a second week, with Foxconn’s biggest iPhone plants severely hit.
One plant has been banned from re-opening by the government, while only 10% of the company’s workforce has turned up to a second one…