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Hon Hai Precision Industry Co.'s February sales fell 11.7% from a year earlier, despite a boost for the iPhone assembler from China's reopening. The Apple Inc. supplier, also known as Foxconn, said monthly revenue dropped to NT$402 billion ($13 billion) last month. Still, first-quarter outlook is “roughly in line with market expectation,” based on sales figures in the last two months, Hon Hai said in a statement Sunday. Lunar new year holidays in China occurred in January this year while in 2022 they took place in…

Apple Inc's iPhones will soon be assembled at another site in the southern Indian state of Karnataka and 300 acres have been aside to set up a factory, the state government said on Friday. Bloomberg News had earlier reported that Apple partner Foxconn Technology Group planned to invest about $700 million in the Karnataka site to ramp up local production. The state's investment promotion division said in a tweet that the move would generate 100,000 employment in the next 10 years. Apple and Foxconn did not…

Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China as Washington-Beijing tensions grow.The Taiwanese company, also known for its flagship unit Hon Hai Precision Industry Co., plans to build the plant to make iPhone parts on a 300-acre site close to the airport in Bengaluru, the capital of the southern Indian state of Karnataka, according…

According to the Wall Street Journal, the people involved in the discussions said that Apple is also looking to reduce the dependence on Taiwanese assemblers. Apple, in recent weeks, is accelerating its plans to shift some of its production outside China and telling suppliers to plan more for assembling the product elsewhere in Asia, particularly India and Vietnam. According to the Wall Street Journal, the people involved in the discussions said that Apple is also looking to reduce the dependence on Taiwanese…

Image Source : APPLE iPhone 14 Pro Apple shares reportedly sank yesterday (28 November 2022). The news was revealed after a few reports stated that the production of the iPhone Pro might fall short by around 6 million units this holiday season. Bloomberg has reported the ruckus at Zhengzhou (China) which is a key manufacturing hub for Apple, which is expected to lead…

Apple supplier Foxconn has hit a hiring target of 100,000 new workers for its Zhengzhou plant in China, financial news outlet Yicai reported on Thursday. Apple supplier Foxconn has hit a hiring target of 100,000 new workers for its Zhengzhou plant in China, financial news outlet Yicai reported on Thursday, a milestone that could ease production pressure at the COVID-hit site.Yicai, citing an unidentified high-ranking staffer at the plant, said Foxconn had received more than 100,000 job applications so far and was…

Apple supplier Foxconn said on Thursday it expected smartphone revenue to fall this quarter and is adjusting production to prevent recent COVID-19 curbs. Apple Inc supplier Foxconn said on Thursday it expected smartphone revenue to fall this quarter and is adjusting production to prevent recent COVID-19 curbs at a massive iPhone factory in China from impacting holiday orders.Foxconn has grabbed headlines in recent weeks, with tight virus restrictions at its Zhengzhou plant, the world's largest iPhone factory,…