Foxconn Posts Record Q1 Profits On Strong Sales Of Apple’s iPhone 6

iphone-6-different color

Recently, Hon Hai pulled in NT$30.39 billion which is around $998 million, this was in net profits during the March quarter, which The Wall Street Journal reported on Friday. Facing pressure from asset manager BlackRock, which they increased their dividend payout from NT$1.80 per share to NT$3.80, or from roughly 6 cents to 12 cents. Read more

Apple Begins iPhone Trade-In Program In China, With Foxconn’s help

Bulge iphone_6_space_gray_16gb 4

In recent news, Bloomberg reported that “Consumers will be able to take older iPhones to Apple stores in China for credit against the company’s products as soon as March 31, the people said, asking not to be identified as the details aren’t public.”

The publication site went on to say “Foxconn Technology Group will buy and re-sell the phones as part of the program, one of the people said. Natalie Kerris, an Apple representative, didn’t respond to a request for comment. Foxconn declined to comment.” Read more

Apple Could Rely on Foxconn to Produce Sapphire Material

Sapphire Boule

Rumors are surfacing about ‘Foxconn’ getting in on Apple’s sapphire business for future iPhones, courtesy of a source speaking with Cult of Mac. While Foxconn hasn’t been reported to have actual experience growing sapphire, sources say that they are reportedly very interested in the material, and that they’ve been actively pursuing various sapphire related patents over the past years.

Read more

Foxconn Assembly Robots Aren’t Meeting Apple’s Demands

foxconn

Foxconn has deployed some factory assembly machines recently to help assemble iPhones and other Apple devices for more convenience, but so far the program may not be as successful as they may have first anticipated. According to the Chinese economic website Jiemian and G4Games, the first-generation Foxconn robots are not that accurate and precise to meet Apple’s demands and standards. Read more

Foxconn Rumored to Produce Sapphire at New Plant

Foxconn's new building

On Wednesday, a new report by Focus Taiwan came out, and reported that China Economic Weekly  said that “Foxconn has signed an agreement with the Zhengzhou city government in Henan Province, central China, to set up a display factory on a plot of land next to an iPhone 6 assembly plant.” If this is true, Foxconn’s upcoming $2.6 billion facility in central China will be dedicated to producing screens for Apple’s mobile devices, which would then use synthetic sapphire crystals for increased durability and protection.

Read more