Foxconn investing $2.6B in building a factory just for Apple
The iPhone 6 Plus has garnered a lot of fame lately, and that’s not for the reasons you’d think. In addition to being Apple’s biggest iPhone ever, it’s also the one that Apple has struggled most to produce. We’ve learned that Apple’s biggest hurdles are in building the display for the phablet, something that comes as a complete irony since big displays on phones have existed for a while already, and yet, something which Apple is already looking to solve for the future.
Bloomberg is reporting that Foxconn’s display subsidiary Innolux is investing $2.6 billion in building a new factory to increase its capacity, and the source is almost certain that this factory is exclusively for Apple. The report claims that equipment installation begins next month, and we can expect mass production to begin in early 2015, since yeah, thinks work that fast in China.
Apple’s buying power has allowed the company to reach exclusivity deals with most, if not all of its suppliers over time. We do know that Cupertino is not satisfied with its ability to produce the iPhone 6 Plus and meet its current demand, so hopefully this will be fixed sooner rather than later.