India may offer subsidized loans to win Apple manufacturing bids

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India may offer subsidized loans as an incentive to win Apple manufacturing
India has big plans for being a smartphone manufacturing hub in the coming years.
Photo: Ste Smith/Cult of Mac

India wants to woo Apple suppliers into opening factories in the country. To that end, it may offer attractive subsidized loans to make it more appealing.

The proposals by the Ministry of Electronics and Information Technology may be part of a new federal budget for February. Alongside the subsidized loans for opening factories, it would also cover “industrial zones equipped with taxation and customs clearance.”

Crime ring allegedly makes millions selling defective iPhones

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Foxconn employees accused of $43 million iPhone scam
Employees allegedly made and sold iPhones out of discarded components.
Photo: Leander Kahney/Cult of Mac

Foxconn has launched an investigation after a group of “management staff” were accused of a $43 million iPhone scam. The scam, which ran for three years, involved a Taiwanese businessman and staff at Foxconn’s Zhengzhou, which manufactures iPhones.

The alleged “crime ring” assembled iPhones out of rejected components, and then sold them on to customers.

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.

iPhone chip-maker enjoys big boost from strong demand

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iPhone11
iPhone 11 has been good to Apple's manufacturing partners.
Photo: Apple

iPhone chip-maker Taiwan Semiconductor Manufacturing Company (TSMC) enjoyed a 9% boost in revenue in November.

The increase can be attributed to strong demand for the company’s 7-nanometer chipsets, which power Apple’s latest crop of smartphones. And TSMC is confident the success will continue into the holidays.

iPhone sales drive Apple’s biggest supplier to big profits

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iPhone sales drive Apple’s biggest supplier to big profits
Apple accounts for an estimated half of all Foxconn revenue.
Photo: CBS

Apple contract supplier Foxconn has announced better-than-expected quarterly profits, rising 23%. Apple accounts for an estimated half of all Foxconn revenue, thanks largely to the iPhone.

Foxconn’s earnings offer another data point about rebounding iPhone sales. At worst, they should pacify any investors concerned about weak global demand for Apple’s smartphones.

3 companies could take over Apple Watch production

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watchOS 5 Face
Your next Apple Watch could be made by Foxconn, who also assembles iPhone and iPad.
Photo: Ste Smith/Cult of Mac

Apple Watch might go through a big change behind the scenes. Until now, this wearable has been assembled mostly by Quanta, but that’s reportedly going to change next year. No less than three companies are going to take on the job.

Apple responds to complaint that Foxconn factory broke labor laws

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iPhone sales drive Apple’s biggest supplier to big profits
Apple says too many temporary workers were employed in Foxconn factory.
Photo: CBS

Apple says that it is working to fix a problem in which too many temporary workers were found illegally working on the iPhone line at a Foxconn factory.

Over the weekend, New York-based watchdog China Labor Watch published a report about alleged violations. These supposedly took place at the biggest iPhone factory in Zhengzhou, China.

However, while Apple acknowledges the group’s point about temporary workers, it maintains the other findings are inaccurate.

Applier supplier Foxconn sales hit new record high

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iPhone sales drive Apple’s biggest supplier to big profits
Foxconn is Apple's biggest contract manufacturer.
Photo: CBS

Life is good if you’re Apple’s biggest contract manufacturer! Foxconn, a.k.a. Hon Hai Precision Industry, has reported its highest-ever August sales in the company’s 45-year history.

Foxconn sales hit $12.76 billion for August. That’s up 0.2% from one month earlier. This is the sixth consecutive month in which Foxconn has registered month-on-month increases. While it can’t necessarily all be chalked up to Cupertino, Apple represents more than 40% of Foxconn’s total sales.

Apple is relying on factories in China more than ever

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Hong Kong police arrest smugglers with $1 million of iPhones and other devices
China continues to be the epicenter of Apple's manufacturing.
Photo: Ed Hardy/Cult of Mac

Apple may be trying to wean itself off manufacturing in China, but despite its use of factories in Brazil and India, it’s actually relying on China more than ever.

According to Reuters, the majority of Apple suppliers have become increasingly concentrated in China. Although Apple uses small factories outside the country, these are typically used only for small domestic runs.