Posts tagged with: foxconn
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    With several Asian parts manufacturers heavily reliant on Apple's business for sales revenue and a downward trend in sales for the iPhone set to continue for at least the next three months, we may either see Infinite Loop harvesting reduced product margins or the end of the standard $649 iPhone. Digitimes is reporting that manufacturers are refusing to cater to Apple's requests for lower lot prices. The company has been asking parts makers for up to a 20 percent discount as general iPhone unit sales fell 15 percent last quarter compared with last year and orders came in some 30 percent ...

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    We knew that Nokia had signed a non-compete agreement with Microsoft to not release mobile phones for two years after the Redmond-based company acquired its Devices and Sales division. For fans of Nokia design, it's been a waiting game — betting on when Nokia would actually get back into action for real. At the same time, all of us were watching the slow demise of Windows Phone, now Windows 10 Mobile. Well, the wheels started turning in Finland just a couple months ago. It licensed out branding and manufacturing for its future devices to a new company and a Foxconn subsidiary, ...

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    Pekka Rantala is working for Nokia again, though in a different sense of the word. After a 17-year stint at Nokia, mostly as part of the marketing staff, Rantala made his way to Rovio — yes, the Angry Birds people — in 2015 as CEO. Unfortunately, with a sluggish economy and a company struggling to find another global hit, he had to lay off a major portion of his workforce and restructure Rovio. He left this year and now we know that he has been hired by HMD Global Oy. You may recall that Nokia has licensed its smartphone business to the upstart HMD as it prepares to start designing ...

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    Unlike Apple, which had a good, tough fiscal quarter, subcontractor Hon Hai Precision Industry Co. had a pretty bad, tough fiscal quarter. The company, known publicly as Foxconn, reported a 5 percent drop in total revenue to 922 billion New Taiwan dollars or 29.5 billion USD. That boiled down to 17.7 billion NTD (566 million USD) in net profit, down 31 percent annually and a 26 percent disappointment from analyst expectations. The correlation between Apple's demand for Foxconn's products and services and the company's health is strong. The biggest iPhone assembler recently laid off some ...

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    As Catcher Technology is working out how to adjust its assembly line for how to make a chassis for an all-glass iPhone in 2017, it seems that major assembler Foxconn is trying to figure out what to do about the whole "all-glass" part of the gig. Insiders have tipped off Nikkei Asian Review that the manufacturer has been trialing glass cases since last year in an effort to protect its position as a major contract partner to Apple. Foxconn commits half of its business with the tech giant. Nikkei reports that Apple bought metal chassis for the iPhone 6s and iPhone 7 from Foxconn, Catcher ...

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    The iPhone 7 has spanned the world in leaks, but this one comes from relatively unfamiliar Vietnam — and no, it doesn't even show off one of those manufactured shells, though the leaker supposedly got this little treasure from a Foxconn affiliate plant. It comes in the form of a video showing off what is believed to be the official adapter from a Lightning connection to a 3.5mm headphone jack. The iPhone 7 has long been rumored to drop the port. If Apple is making a product to sell and/or graciously put in with each and every box, this adapter certainly would look like such a thing — ...

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    Forget sketchy fan-made renders of the mythical Nokia C1 Android handheld. And forget Microsoft too. The Finnish tech giant has died and is just about ready for a spectacular rebirth and consumer hardware-producing return, alongside its rapid rise in the telecommunications infrastructure and patent world. Rumor has it we’ll see not one, but two “premium” Nokia-branded smartphones released by the end of the year or in early 2017. These will be built by a startup company named HMD, with a number of former and current Nokia executives calling all the shots. Foxconn may still help put ...

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    So, what have you heard about the iPhone 7 Plus? Dual cameras? Check. No headphone jack? Uncheck. iOS 10? Most defs. But what about water-resistance? That's been a maybe for a while now, but now we're talking about some wireless charging. That's according to one supposed employee of iPhone assembler Foxconn, who snapped a quick picture of a presentation slide on the iPhone 7 Plus. Presentations have been known to use media renders, so we shouldn't take much consideration there, but the major bullet points here are the water-resistant body and the wireless charging. Rumors have been ...

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    Rumors surrounding an iPhone with an OLED display continue to grow strong. We've seen how Cupertino and Samsung have been slow dancing lately to the rhythm of a partnership that has stirred strong rumors surrounding this particular endeavor. We also know that Apple is not famous for placing all its eggs in one basket, and this is not the exception. Sources claim that Apple and Sharp will partner in order to bring a second supplier for the company's OLED plans in the future. If you've been following the facts though, you know that Sharp is one of Apple's existing display partners, but the ...

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    Ever since a factory explosion in Kunshan, China killed 146 people in 2014, it seems that the area's manufacturing industry has been on decline. While these plants still provide Taiwanese manufacturers with the components and materials needed to build products like the iPhone and other electronics, what you'll find less of these days is people. For example, Apple supplier Foxconn has done away with 60,000 jobs at a Kunshan plant formerly of 110,000 workers. The company has stated to the BBC that automation has taken over "many of the manufacturing tasks associated with our operations". ...

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    Instead of breathing fresh air into a slowly flagging family of mobile devices that was once synonymous with industry innovation and box-office success, Microsoft’s 2014-completed acquisition of Nokia’s phone business appears to have accelerated the downfall of Lumias and Windows Mobile. Meanwhile, Redmond didn’t even try to revive feature phones, accepting the market moved past the X lineup, Series 40 or Asha roster, so it shouldn’t come as a surprise the recently rumored offloading of that particular department has already materialized. Pending regulatory approval, of course, and ...

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    When factories make their moves all at once, you know that Apple has to be doing something funky. In this case, a tipster has forwarded a rumor clip to Mobipicker that details a change in strategy for Apple by not just releasing an iPhone 7 and an iPhone 7 Plus, but a third model — either called the iPhone 7 Pro or iPhone 7 Premium. We saw schematics leaked out for a supposed "iPhone Pro" and a deluge of computer-aided design leaks of what could be the next iPhone 7 and an iPhone 7 Plus, both with Smart Connectors. It seems that we in the media may have conflated the two phones. ...

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    Developing smartphones with OLED screens can be tricky. Manufacturing and distributing them on a large global scale is even harder. Until recently, it was also pricier to adopt the organic light-emitting diode technology than LCD, which is mainly why Apple waited so long to follow in Samsung’s footsteps. But in two years tops, essentially every analyst, pundit and tipster agrees Cupertino will bring to light the sharpest, brightest, prettiest iPhone yet, possibly with no visible display borders and fancy, elegant curves added in the design mix instead. Wait, two years? What happened with ...

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    Cellphones have been difficult for Microsoft to not only get into, but to maintain its presence in. The acquisition and subsequent disposal of Nokia's mobile hardware division was characterized as sad, mismanaged, misguided and inevitable, depending on who you talked to. Still, taking a $7.6 billion hit on the balance sheet and emptying 7,800 cubicles had to be addressing a weakness somehow. It may prove to have been not enough as VTECH out of ChinaMalaysia is reporting from its sources that Microsoft will sell its license to make Nokia-branded feature phones over to Foxconn this month. ...

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    The Indian government continues to be notoriously strict about foreign companies conducting business on its soil, recently caving under pressure from domestic smartphone makers and reportedly thwarting Apple’s efforts to sell pre-owned iPhones in the world’s second largest mobile market yet again. But of course, Cupertino can’t afford to hit the brakes when it comes to penetration of territories where iDevices are viewed as luxury items with unsatisfactory quality – pricing ratios. Not with the US, Europe and even China oversaturated, and its financials causing alarm among ...

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    With plenty of reservations and $3.5 billion, Foxconn finds itself the majority shareholder of Sharp. Now what will they do? "I am committed to make speedy investments in Sharp to help develop the next-generation display technology," Foxconn chairman Terry Gou said when the two companies met in Osaka to seal the deal. That display technology is OLED — something Samsung does so well in, it makes more than 95 percent of the market supply according to research firm Sigma Intell. As Apple is reportedly scouting out as many sources for as many displays as possible for an iPhone without an ...

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    It’s not easy to negotiate a good deal when you come off years of bad investments, operating losses and strategic mistakes making you lose touch with market trends and innovations, so let’s not act surprised Sharp didn’t get the capital injection it once sought in a takeover agreement with Foxconn. Not even close, in fact, as the world’s largest electronics contractor manufacturer pulled off the acquisition at a bargain price of 389 billion yen, down from the ¥700 billion it initially agreed to. That converts to roughly $3.5 billion, instead of $6.24B, which still sounds like a ...

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    Sharp has found its suitor to help the company out of its financial rut. And even after Foxconn watered down its offer after surveying even more of Sharp's financial liabilities it didn't learn about earlier, it looks like the offer was something the Japanese electronics manufacturer couldn't refuse. Sources for Reuters have relayed that Sharp will officially accept Foxconn's takeover bid, now worth in the neighborhood of ‎¥400 billion, down from the previously reported ¥489 billion ($4.3 billion) and once valued at ¥700 billion ($6.1 billion). Both companies will hold board ...

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    Japanese display maker Sharp's corporate board said yes to a $6.24 billion proposal from Taiwan's Foxconn. But Foxconn has decided to think over the deal further after Sharp suddenly submitted a list of approximately 100 contingent liabilities that could cost the company about $3.1 billion down the line. Foxconn is still prepared to finalize the takeover, something it has chased after since Sharp began asking for buyers, but stated it would need to digest and sort through the list first. We will have to postpone any signing of a definitive agreement until we have arrived at a satisfactory ...

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    The deal needs clearance from regulators and shareholders. It might even need to clear the court of the Japanese public opinion. Sharp's corporate board said yes to Foxconn's proposal to take over the company, one valued at ¥700 billion or $6.24 billion. The bid had outdone a government fund's buyout plan and now potentially takes a 103-year-old Japanese firm out of domestic ownership. Foxconn manufactures many of Apple's mobile products while Sharp provides the LCDs that go into them. The latter company has gone into deep financial trouble trying to turn around its production line from ...

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    The sorry financial state of tech conglomerate Sharp has left few options for its creditors and potential acquirers in Japan. But Taiwan-based Foxconn sees a chance to gain a brand name and a crack at making products for its own profit. Chairman Terry Gou told press that the company had signed for prioritized negotiating rights with Sharp as part of a bid to take over the company. Sharp released a statement contrary to Gou's assertion, but indicated it would be negotiating with Foxconn through the end of the month. Inside sources say that Sharp currently favors a Foxconn proposal worth ...

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    The few people left that are holding onto their iPhone 5s or other four-inch iOS device might see another iPhone that can fit their hands soon. We've talked about the growth from zero that the idea of an iPhone 6c had gone from vision to concretion. There's now more support and a countdown clock of sorts coming out of sources from high factories. Specifically, we've gotten word from Foxconn employees of a four-inch, vividly colored iPhone 6c that's being produced right now in conjunction with the iPhone 6s models. Bets are on Apple to gather enough inventory for a launch show in February, ...

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    Foxconn has been Apple's major partner for most of its iOS products over the last few years. Surely the company has gained some bad publicity as a sweat shop in recent years, but after all those rumors faded, it still doesn't change the fact that it has enabled Apple to meet iPhone demand across the world. After hearing that Apple scored major records with the iPhone 6s, it seems the company is not alone. Foxconn has just announced that it reached $318.4 million in revenue, and claims that this success is mainly due to the iPhone 6s. This is a 30% rise in revenue when compared to last ...

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    Apple, Microsoft, Sony, Acer, Nokia, Toshiba, Xiaomi, Huawei, Lenovo, are just a few of Foxconn's largest clients. Hon Hai Precision Industry Co., Ltd., trading as Foxconn Technology Group, is a Taiwanese company that also happens to be the world's largest electronics contractor manufacturer. At a recent company shareholder meeting, the company's chairman, Terry Guo, made some reassuring statements. According to Guo, this year, in 2015, Foxconn will become the world's largest desktop, tablet, and smartphone OEM (original equipment manufacturer) / ODM (original design manufacturer). ...

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    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 ...

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