Cost of Apple dependence
Taiwan’s Foxconn reported an eight percent fall in its December revenue on Thursday presumably due to the failure of its key customer Apple to convince people to pay a third more for technology they pretty much already owned.
Where no one can afford them
Fruity cargo cult Apple will begin assembling its top end iPhones in India through the local unit of Foxconn as early as 2019.
The lead attorney for the group of Apple device assemblers seeking at least $9 billion in damages from Qualcomm said on Sunday the contract manufacturers are not in settlement talks with the mobile chip supplier and are “gearing up and heading toward the trial” in April.
Has to make $2.9 billion to avoid an annus horribilis
Foxconn is planning to cut $2.9 billion from expenses in 2019 as it faces "a very difficult and competitive year".
Still rose by 18 per cent
Taiwan’s Foxconn, the world’s top contract electronics maker and a key Apple supplier, posted an 18.3 percent rise in third quarter net profit. This figure was well below what analysts had been expected.
Might upset the subsidy
A Wall Street Journal article claims Foxconn is looking to transfer some of its Chinese workers to Wisconsin in time for its new factory opening in Racine.
May not help “make America grate” after all
Foxconn has scaled back plans for the heavily subsidised Wisconsin Gigafactory.
As storms of trade war loom
Foxconn reported a 30 percent jump in September revenue to $18.8 billion in September, extending a streak of double digit growth since May.
Bringing in the Taiwanese as the Americans flee to EU
US President Donald Trump praised Taiwanese high-tech company Foxconn and vaguely threatened US motorcycle maker Harley-Davidson which is threatening to move some of its operations to the EU.