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.

Apple suppliers battle it out over iPhone’s AMOLED displays

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iPhone 6s
The battle to build AMOLED iPhone displays is on!
Photo: Ste Smith/Cult of Mac

Two Apple partners, Foxconn and Samsung, are battling it out to provide Apple with next-gen displays for future iPhones.

Samsung, a leader in OLED display research and AMOLED production, is reportedly “on the fast track” to building a dedicated facility with the sole purpose of supplying the high-quality displays to Apple.

Foxconn, meanwhile, recently acquired money-losing display maker Sharp, with the main impetus being to help Foxconn become a market leader in AMOLED panel production.

Foxconn confirms $3.5 billion takeover of iPhone display maker

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iPhone rain by Dariusz-Sankowski
Among other things, Sharp builds iPhone displays.
Photo: Dariusz Sanksowski/Pixabay. Licensed via CC0 1.0.

Foxconn is cementing its importance to Apple by finalizing a deal to acquire a majority interest in struggling iPhone display maker Sharp for a reported 389 billion yen — or $3.5 billion.

The multi-billion dollar bailout of Sharp was originally reported as being completed back in February, only to be placed on hold after previously undisclosed liabilities threatened the deal.