Weak iPhone demand punishes Apple suppliers

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The iPhone's camera is getting a big update.
Apple isn't the only one suffering due to weak iPhone sales.
Photo: Ste Smith/Cult of Mac

Weak demand for the iPhone is causing earnings to fall for a number of suppliers in Asia, and few of them are hopeful that the situation is going to change.

Foxconn, the biggest assembly partner for the iPhone, saw its profit fall 9.2 percent last quarter, while Pegatron’s nosedived a whopping 35.1 percent.

A rare and horrifying look at living conditions in an iPhone factory

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A Pegatron toilet that had to accommodate up to 40 workers.
Photo: The Daily Mail

A rare look inside the abandoned facilities where Chinese workers toiled away making iPhones reveals a grim environment that’s a long way from Silicon Valley’s plush lifestyle.

Depressing images reveal the tiny rooms where up to 12 Pegatron workers slept each night, the dirty dining areas where they ate, and the disgusting bathrooms where they washed.

BMW and Daimler put the brakes on Apple Car deal

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The BMW i3 was a crowd pleaser at CES 2014.
The BMW i3 was a crowd pleaser at CES 2014.
Photo: BMW

Talks between Apple and German carmakers Daimler and BMW have fallen apart, after Apple sought to strike a deal with the companies for its electric car project. 

BMW and Apple have been rumored to be talking about a partnership for nearly a year now. Apple supposedly wanted to use BMW’s i3 carbon fiber body as the basis for its car but it appears that the company will have to go solo for now. 

Panama Papers: Apple supplier denies evading $22 billion in taxes

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There's still a lot of money left in iOS devices.
Foxconn denies evading its taxes.
Photo: Ste Smith/Cult of Mac

The “Panama Papers” leak of 11.5 million documents from ultra-secretive Panamanian law firm Mossack Fonseca has already named and shamed heads of state, government officials, business owners and celebrities who reportedly evaded tax thanks to the scheme.

But one name which hasn’t been talked about too much is Apple supplier Foxconn, which is accused of evading taxes of up to a massive $22.86 billion via investments in Panama — although the company denies that this is the case.