Still up 18 percent over February following iPhone order cuts
Foxconn Electronics, the world’s largest contract manufacturer and third largest technology company by revenue, reported consolidated revenues of NT$341.69 billion in March 2017, an increase of nearly 18 percent over February and nearly 2 percent year-over-year.
Company seeks to increase focus on high-margin components
Foxconn Electronics, the world’s largest contract manufacturer and third largest technology company by revenue, reported net profits of NT$68.766 billion ($2.17 billion) for the fourth quarter of 2016, its highest ever quarterly level since being founded in February 1974.
Recovering from a list of multi-billion dollar writedowns
According to a recent Chinese-language report, TSMC and Foxconn Electronics are partnering up to place bids for shares of Toshiba’s memory business after the company dealt with a major loss in its devices and components business last year amid a drop in global memory prices. And problems with nuclear matters.
Stainless steel reinforced frame, and a higher price
Apple’s upcoming flagship iPhone, set to be released with a rather large 5.8-inch display size, is expected to adopt a chassis made of reinforced glass with a stainless steel metal frame, according to sources from within the upstream supply chain.
Sharp co-operation is not done and dusted
While the press has made much of Foxconn’s plans to co-operate with Sharp to build a new panel plant in the US, the deal is so far from being done and dusted it is increasingly looking unlikely.
Nothing to do with the iPhone 7
Apple’s number one partner Foxconn saw its profits take a dive in December coincidently at the same time as Jobs' Mob is rumoured to have slashed production on its iPhone 7 because no one wants it.
30 percent automation in China by 2020
According to the latest reports from Foxconn executives, the world’s largest contract electronics manufacturer now plans to replace nearly its entire human workforce with automated machines over three testing phases, due to advancements in the number of robots it can produce per year.
Japan a bit too pricey
Foxconn and Sharp are to set up a $6.95 billion10.5G or 11G LCD TV panel factory in China. Needless to say Foxconn is stumping up most of the cash and Sharp is to providing the manufacturing technology.
Flogged them for $1.5 million
A Taiwanese Foxconn manager nicked 5,700 iPhones and flogged them for a $1.56 million profit and hugely undercutting Jobs' Mob