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Foxconn, a major assembler for Apple, reported a 13.8% year-on-year drop in second-quarter revenue on Wednesday, but said it expects third-quarter revenue to be brighter ahead of the peak shopping season. The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry, is displayed at its headquarters in Taipei. Photo: Agence France-Presse Reuters: Foxconn, formally called Hon Hai Precision Industry Co Ltd and the world’s largest contract electronics maker, said revenue in the April-June period reached T$1.3 trillion ($41.76 billion), in line with its expectations. For smart consumer electronics products, which include smartphones and are the company’s main business driver, revenue in the second quarter dropped, coming off a higher base in the year ago…
Major Apple assembler Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the state’s IT minister said on Monday. The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry, is displayed at its headquarters in Taipei. Photo: Agence France-Presse Reuters: The investment will create 25,000 jobs in the first phase, K. T. Rama Rao said in a tweet. Demonstrating the “Telangana Speed”, I am happy to announce the groundbreaking of first of Foxconn’s plants in Telangana at Kongar Kalaan today With an investment of over $500M it shall create 25,000 direct jobs in first Phase #Telangana #Foxconn pic.twitter.com/PHThJWxsfT — KTR (@KTRBRS) May 15, 2023 Apple has…
Accelerating a shift of production outside China, Tata Group is set to become Apple’s fourth iPhone contract manufacturer, following its acquisition of Taiwanese firm Wistron’s factory in southern India, according to research firm TrendForce. Ben Jiang for South China Morning Post: The Mumbai-based, cars-to-software conglomerate has received orders for the new iPhone 15 and iPhone 15 Plus models to be launched later this year, indicating that India will see the first wave of shipments for the new series, TrendForce said in a recent blog post, without elaborating. “Following Apple’s pattern, new suppliers receive smaller orders for lower-end models,” the Taipei-based firm said. It predicted Tata’s share of assembly orders from Apple for various iPhone models would amount to 5 per…
Apple assembler Hon Hai Precision Industry Co., known as Foxconn, reported its third consecutive quarterly profit miss, after the company succumbed to a persistently weak Android phone market. The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry, is displayed at its headquarters in Taipei. Photo: Agence France-Presse Bloomberg News: The company known as Foxconn, which makes most of Apple’s signature devices, reported net income of NT$12.8 billion ($417 million) for the first three months. That compared with the NT$29.8 billion average analysts’ estimate. Revenue rose almost 3% for the period, based on monthly sales figures. Stronger-than-expected iPhone sales during the March quarter failed to completely offset weakness in overall Android phone-making. Foxconn and…
Major Apple assembler Foxconn has bought a huge tract of land on the outskirts of Indian tech hub Bengaluru, the company said in a filing Tuesday as it strives to diversify production away from CCP-controlled China. The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry, is displayed at its headquarters in Taipei. Photo: Agence France-Presse Aishwarya Kumar and Sean Gleeson for AFP: Also known by its official name, Hon Hai Precision Industry, Foxconn is the world’s biggest contract electronics manufacturer and a principal assembler of Apple iPhones. Both companies are seeking to shift manufacturing away from China after strict Covid policies, a bout of industrial unrest and ongoing diplomatic tensions with the United States hurt production.…
Public testing of redesigned Apple Maps for Taiwan has begun, but the full release isn't expected until June.Apple Maps image of Taipei, Taiwan. Image source: Justin O'BeirneFirst-party mapping data collected by Apple enables detailed maps with greenery and 3D buildings. This redesigned version of Apple Maps began rolling out in 2019 and is different from the Detailed City Experience introduced in 2021. Read more...
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