Tags Foxconn

Crappy iPhone sales aren’t just hurting Apple

iPhone Sales 2016
The price of Apple shares dropped like a rock earlier this year after the company reported a worse than expected decline in iPhone sales for the March quarter. On year, iPhone units sales plummeted by 10 million iPhones, which inevitably led to doomsday prepping among finicky investors. The tide turned quickly though, and Apple share have since recouped those losses and then some when June-quarter earnings were better than expected. Of course, iPhone sales are still sinking despite how well the fiscal third quarter was aligned with investor expectations, and Apple isn't the only company that relies on iPhone sales as its chief moneymaker.

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Zach Epstein

August 12th

Apple

iPhone maker Foxconn has replaced more than half its workforce with robots since iPhone 6 launch

The South China Morning Post reports that iPhone maker Foxconn has replaced more than half of its workforce with robots since the launch of the iPhone 6. The figures were provided by the local government in Kunshan, where the company is based.

“The Foxconn factory has reduced its employee strength from 110,000 to 50,000, thanks to the introduction of robots. It has tasted success in reduction of labour costs,” said the department’s head Xu Yulian … 

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Filed under: AAPL Company, iOS Devices Tagged: AI, china, Dongguan, Foxconn, India, iPhone, robots

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Ben Lovejoy

May 25th

Apple

Mac

Microsoft offloads Nokia feature phone business to Foxconn for $350M

Nokia mobiles Microsoft is selling the feature phone business it acquired from Nokia back in 2013 to a subsidiary of Chinese manufacturer Foxconn for $350 million, it announced today. At the same time former owner Nokia said it has inked a deal to license its brand to HMD Global, a new Finnish company run by ex-Nokia and Microsoft devices staff, to “create a new generation of Nokia-branded mobile… Read More

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Natasha Lomas

May 18th

Gadgets

Mobile

Almost entire Sharp board will be replaced as Foxconn vows to turn the company around

Following the on-off-on-again acquisition of display-maker Sharp by Foxconn, the company has announced that 12 of the 13 board members – including CEO Kozo Takahashi – will step down once the takeover process is complete. The WSJ reports that the announcement follows deepening losses at the company.

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Filed under: iOS Devices Tagged: Apple suppliers, displays, Foxconn, screens, Sharp

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Ben Lovejoy

May 13th

Apple

Mac

iPhone decline hits Apple suppliers, say they see no upside in immediate sight

Apple’s decline in iPhone sales is unsurprisingly having a knock-on effect on its key suppliers, with the WSJ reporting that Foxconn, Pegatron, Sharp, Japan Display and Sony have all reported falling profits or losses as a result.

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Filed under: AAPL Company, iOS Devices Tagged: Apple suppliers, Foxconn, iPhone, iPhone 7, iPhone sales, japan display, Pegatron, Sharp, Sony

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Ben Lovejoy

May 12th

Apple

Mac

As expected, Sharp gearing up for large-scale OLED displays following Foxconn acquisition

It had always seemed obvious that Foxconn’s reason for buying display-maker Sharp was to acquire the capacity to make OLED displays for future iPhones – and a supply-chain report today supports this.

Sharp will set up one 4.5G and two 6G AMOLED production lines with monthly capacity of 13,000, 11,500 and 34,500 glass substrates respectively, with total monthly capacity of 9.85 million 5.5-inch equivalent panels.

While the source is Digitimes, this one seems likely to be at least broadly accurate.

Apple currently used OLED displays only in the Apple Watch, still relying on older LCD displays for the iPhone, but numerous reports suggest that the company plans to switch to OLED screens for iPhones at some point in 2017 or 2018.

Image: OLED display under microscope via Reddit


Filed under: iOS Devices Tagged: AMOLED, Foxconn, iPhone, OLED, Sharp

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Ben Lovejoy

April 6th

Apple

Mac

Foxconn seeking concessions from shareholding banks in attempt to rescue Sharp takeover

The Nikkei Asian Review reports the latest on the on-off-maybe acquisition of display maker Sharp by iPhone assembler Foxconn.

Various potential deals appear to be under discussion with both Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ. These include paying the banks less for the shares they hold, reducing the interest rate payable on a joint loan to Sharp and agreeing that the banks will provide financial support in the event that the feared liabilities do indeed materialize after the deal is done.

It was initially reported last month that the deal had been done before details of potential Sharp liabilities put it into doubt. Negotiations then resumed.

It had been suggested at one stage that Apple may help to support the deal, but as there has been no recent mention of this, we’d say this currently seems unlikely. Foxconn has, however, long played a role in helping keep Sharp afloat.


Filed under: AAPL Company Tagged: china, Foxconn, iPhone, Sharp, The Bank of Tokyo-Mitsubishi UFJ

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Ben Lovejoy

March 15th

Apple

Mac

Foxconn’s acquisition of Sharp reportedly back on track after earlier doubts; Apple’s involvement still unclear

Foxconn’s planned takeover of Sharp, to allow it to begin making displays for iPhones as well as assembling them, is reportedly back on track.

First reports of Foxconn’s interest in purchasing Sharp’s display division emerged last September, when it was reported that Apple would come on board as an investor. Foxconn made a $5.3B bid in January, and it was initially reported that the deal had been concluded last week.

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Filed under: iOS Devices Tagged: Apple Inc, Foxconn, iPhone, iPhone displays, Sharp, Sharp Corporation

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Ben Lovejoy

March 4th

Apple

Mac

Foxconn’s acquisition of Sharp reportedly back on track after earlier doubts; Apple’s involvement still unclear

Foxconn’s planned takeover of Sharp, to allow it to begin making displays for iPhones as well as assembling them, is reportedly back on track.

First reports of Foxconn’s interest in purchasing Sharp’s display division emerged last September, when it was reported that Apple would come on board as an investor. Foxconn made a $5.3B bid in January, and it was initially reported that the deal had been concluded last week.

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Filed under: iOS Devices Tagged: Apple Inc, Foxconn, iPhone, iPhone displays, Sharp, Sharp Corporation

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Photo

Ben Lovejoy

March 4th

Apple

Mac

Report: Apple manufacturer Foxconn acquires Sharp for $6.2 billion

screen-shot-2015-09-23-at-10-23-52-pm

Last month it was reported that Apple manufacturer Foxconn had bid $5.3 billion to acquire Japanese display maker Sharp, who has faced numerous financial and manufacturing difficulties over recent years. Now, Japanese news outlet Nikkei Asian Review reports that Sharp has accepted an offer from Taiwan’s Hon Hai Precision Industry, better known as Foxconn, for $6.2 billion.

It was initially reported last year that Foxconn was looking to acquire Sharp with an investment from Apple. That rumored deal proposed that Foxconn would hold a majority stake in the company, while Apple would be on the board as an investor. It’s unclear at this point if the deal Sharp accepted from Foxconn included an investment from Apple or not.

Sharp had faced a choice between Hon Hai’s takeover bid and support from the Innovation Network Corp. of Japan, a state-backed fund. The fund offered Sharp a 300 billion yen injection as well as a 200 billion yen credit line.

With Foxconn having now acquired Sharp, the company is put in a position where it can start to actually make iPhone components, going beyond its current role of assembling the devices.

Sharp’s Kameyama Plant No. 1 in Japan is solely dedicated to producing iPhone displays. Apple initially invested $987 million to transform the plant from an HDTV panel plant to a smartphone LCD factory.

Whether Apple is involved in the deal or not, it’s good news for the Cupertino company. iPhone displays are currently manufactured by Sharp, Samsung, and LG, with Foxconn handling the assembly process. For Apple’s part, it should no longer have to worry about one of its iPhone manufacturing partners going out of business and being unable to fulfill orders.

Apple has reportedly been beefing up its role in the display industry recently. The company reportedly opened a secret production laboratory in northern Taiwan last year to work on developing thinner and brighter displays. Should Apple play a role in the Foxconn acquisition of Sharp, it will gain access to a variety of new talent and resources. Even if Foxconn is the only player in the deal, Apple has such a strong relationship with the manufacturer that it will surely benefit from the deal.

We should know more about Apple’s role in the deal when Sharp and Foxconn officially release details. Until then, it’s unclear how big of a role Apple played in the acquisition process.


Filed under: AAPL Company Tagged: Apple, displays, Foxconn, iPhone, Sharp

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Chance Miller

February 25th

Apple

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