Apple manufacturer earnings soar on massive iPhone 12 demand

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Totallee's thin, light but protective clear case for iPhone 12 is like having no case at all.
Foxconn's earnings are through the roof thanks to iPhone 12.
Photo: Totallee

Apple manufacturer Foxconn’s first quarter revenue soared by 44%, Bloomberg reports. The publication pins the increased cashflow on “robust demand” for the iPhone 12.

Revenue for the first three months of 2021 increased to $47 billion, Foxconn reported Tuesday. In addition to the massive success of the latest iPhones, the high earnings also reflect demand for devices like video games consoles, servers, electric vehicles as well.

Apple car could follow iPhone’s successful manufacturing model

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What route will Apple take to produce an electric vehicle?
What route will Apple take to produce an electric vehicle?
Photo: carlos aranda/Unsplash CC

After talks with potential automotive partners stalled, Cupertino could stick with its key iPhone manufacturer to produce an Apple car, a Thursday report from Bloomberg suggests.

This would mark a big change in Apple’s strategy for breaking into the auto industry. The company previously looked to hook up with an established automaker — albeit seemingly with Apple receiving top billing.

Foxconn electric vehicle teamup makes it better fit for producing Apple Car

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Foxconn electric vehicle teamup with Fisker makes it a better fit for producing the Apple Car.
Fisker turned to Foxconn to product an electric vehicle. Apple might someday do the same.
Photo: Fisker

A deal between Foxconn and Fisker might eventually lead to Apple having its self-driving car produced by the same company that assembles iPhones.

Electric vehicle-maker Fisker agreed on Wednesday to team up with Foxconn to develop a “breakthrough electric vehicle.” Foxconn will manufacture the car.

Apple investigates Foxconn over complaints workers are overworked and underpaid

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Apple's relationship with Foxconn on the rocks
Tim Cook meeting with a Foxconn worker on a previous occasion.
Photo: Apple

Apple is reportedly investigating Foxconn regarding concerns that workers at its plants are overworked and underpaid.

Foxconn remains, for better or worse, Apple’s best-known contract manufacturer. While Foxconn, which employs around 1 million people, has far more clients than just Apple, it is most closely associated with the Cupertino tech giant.

Apple car could finally hit the road in 2025, but it won’t be cheap

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Making a car could produce a massive windfall for Apple.
Ming-Chi Kuo offers more details about Apple car in his latest report.
Photo: Possessed Photography/Unsplash CC

An Apple car could ship in 2025, and will be “positioned as a very high-end” model in terms of pricing, claims TF International Securities analyst Ming-Chi Kuo.

Kuo doesn’t give a dollar figure. But he writes that the sticker price, as well as the cost of Apple car components, will come in much higher than a those for a regular electric vehicle.

Foxconn strengthens its chances of making the Apple Car

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Foxconn Wisconsin
Foxconn has long been Apple's go-to manufacturer.
Photo: Foxconn

Apple manufacturer Foxconn is setting up an automotive arm, just as Cupertino is reportedly gearing up to build an Apple Car. This could make Foxconn a prime manufacturing partner, much in the same way that the Taiwanese company currently assembles iPhones and other devices for Apple.

Apple’s biggest manufacturer may invest $200 million in electric car startup

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Byton Byte
The Byton M-Byte was publicly unveiled at the 2018 Consumer Electronics Show.
Photo: Alexander Migl/Wiki CC

Foxconn, Apple’s largest supplier, looks to be getting in on the electric vehicle business. According to a Monday report from Bloomberg, the Taiwanese manufacturer is in talks to invest in Chinese EV startup Byton.

Foxconn reportedly plans to invest around $200 million in the company to begin mass-manufacturing the anticipated Byton M-Byte car by Q1 2022. An announcement could come as early as today.

Today in Apple history: iPhone factory deaths spark investigation

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Foxconn
Tim Cook visits one of Apple's factories in China.
Photo: Apple

December 11: Today in Apple history: Deaths at Pegatron iPhone factory spark investigation December 11, 2013: A Chinese labor rights group calls on Apple to investigate the deaths of several workers at a Shanghai factory run by iPhone manufacturer Pegatron.

Most controversially, one of the dead workers is just 15 years old. The underage worker reportedly succumbed to pneumonia after working extremely long hours on the iPhone 5c production line.