Remember how just a few months ago, Foxconn profits were slumping because — as the anti-Apple brigade hysterically shrieked — the iPhone 5 was a dud, and the iPhone’s meteoric rise in popularity was finally done?
Yeah, well, Foxconn just posted a 41 percent year-over-year increase in profit, driven by strong iPhone sales.
Foxconn is looking to add another 90,000 people to its workforce as it prepares to take on mass production of the iPhone 5S, Focus Taiwan reports. The Taiwanese publication, citing sources in Apple’s supply chain, claims Foxconn has already completed testing assembly of the next-generation device, and is now gearing up to fill the “massive orders from Apple.”
Despite “weaker” orders from Apple during the second quarter, Foxconn managed to post revenue that beat analyst estimates thanks to its increased focus on televisions. The company announced revenue of NT$897 billion ($30 million) over the three-month period, which is 0.6% higher than its second-quarter revenue for 2012, and better than the NT$829 billion expected by analysts.
Apple may or may not be making a smartwatch, but that’s not stopping its partner, Hon Hai Precision Industry – better known by it’s trading name, Foxconn – from making an iPhone compatible watch of its own.
Hon Hai unveiled it’s first smartwatch today at a shareholders meeting. The device can connect wirelessly to an iPhone and provides data on users’ vitals, such as heartbeat and respiration. The smartwatch can even check phone calls and Facebook posts.
Oh, and remember how the iPhone 5S might be getting a fingerprint sensor? Hon Hai chairman Terry Gou said they’re working to add that to their smartwatch in the future along with some other health features.
It’s been a stagnant year so far for new Apple product announcements, and Foxconn, Apple’s biggest manufacturing partner, is starting to feel the pitch: sales are down 12.6 this year, against a target of 15% growth. And in response, Foxconn’s looking to become a lot less dependent upon Apple, who generated 60 percent of the company’s 2012 $100 billion in revenues.
Apple has been praised by Chinese environmental activist Ma Jun for its “aggressive” adoption of progressive environmental policies in China. The Cupertino company, which initially refused to cooperate with the Beijing-based Institute of Public & Environmental Affairs (IPE), has gone further than any of its peers in the technology industry, Ma said.
Although Apple has been taking unprecedented measures in the industry to remedy the problem, the truth is that working on an assembly line mass-producing iPhones just sucks. But how bad a job is building iPhones in the grand scheme of things?
The Worst Jobs in the World Matrix, from Lapham’s Quarterly, tries to put the craptitude of working at Foxconn in a broader historical perspective. As you can see, slaving away in an electronics factory for 300 hours per month for $0.76 an hour is a difficult job, but it’s far less disgusting than being a Roman vomitorium attendant, less tedious than being a World of Warcraft gold farmer, less treacherous than being a Japanese subway pusher, and less fatal than being the court food taster for a 16th-century emperor. Perspective, people!
Apple is looking to diversify its presence in the Asian supply chain, according to a new report from The Wall Street Journal. Instead of partnering with Foxconn to make the rumored budget iPhone, Apple has reportedly commissioned Pegatron, a rival factory, to build the device.
Foxconn has been making the majority of Apple’s products for years, but under the leadership of Tim Cook, the umbilical cord is being cut.
During his appearance before the Senate Permanent Subcommittee on Investigations on Tuesday, Apple CEO Tim Cook revealed that Apple’s “Made-in-USA” Macs will be manufactured in Texas. The Cupertino company announced its plans to produce one of its Mac lines on U.S. soil last December, but until now, it was unclear where the process would take place.
Apple doesn’t like OLED displays. Across the board, Apple uses LCD IPS displays in its devices, which have better color accuracy than OLED. Theoretically, though, OLED is better than LCD when it comes to power consumption, though… which is why a new report is floating the possibility that Apple might switch to OLED for the iWatch… and that Foxconn is already building test runs.