China Launches Inspection of Foxconn Factory, Raising Political Motives Concerns Ahead of Taiwan’s Presidential Election
China Orders Inspection of Foxconn Factory, Potentially Motivated by Presidential Election Beijing investigates Taiwanese company’s main iPhone supplier amidst tax and land concerns In a move seen by many as significant in the run-up to Taiwan’s presidential election, China has ordered an inspection of the Foxconn factory, which is the main supplier of iPhones for […]
Foxconn Faces Audit and Stock Plunge as China Investigates Water Meter Issue
Foxconn Faces Audit by China’s Ministry of Taxation; Fii Stock Price Plummets Foxconn, the world’s largest contract electronics manufacturer, is currently under investigation by China’s Ministry of Taxation. This unexpected audit has sent shockwaves throughout the market, causing a $100 defense battle for Hon Hai’s stock price. Furthermore, Fii (601138), based in the heart of […]
Apple’s Diversification of Supply Chain Raises Production Costs, Impacting iPhone 15 Pro Pricing
Analysis has revealed that Apple’s production costs are rising as the company expands its supply chain to include Vietnam and India, away from its reliance on China. As a result, it is predicted that the shipping price of the upcoming iPhone 15 Pro will also see an increase. On September 13th, at 2 am Korean […]
Foxconn’s revenue soars to $660 billion after China eases COVID-19
incomeLwynconnJanuary hit a record $660.4 billion as normal operations and factories in Zhengzhou resumed. Henan province ofChinawhich is an iPhone production center Product delivery has increased Compared to December 2022, revenue increased by 4.93% in the smart electronics category, includingsmart phone and computer products Double-digit revenue growth, Foxconn said. Refinitiv analysts expect Foxconn’s first-quarter revenue […]
Will we reduce the ‘China risk’… “Apple, 25% of iPhone production in India”
source = shutterstock Apple plans to produce 25% of all iPhone production in India. According to CNBC, India’s Minister of Commerce and Industry, Piyush Goyal, said on the 23rd (local time) that “Apple plans to produce 25% of iPhones in India.” If I’m not mistaken, they (Apple) are looking at increasing production to 25% of […]
(Video) Apple, ‘China risk’ hits directly … shaking the iPhone supply chain
[뉴스토마토 조재훈 기자] Apple was hit directly by the ‘China risk’ caused by the reproduction of Corona 19. This disruption in the iPhone supply chain is expected to continue into the first quarter of this year. As a result, Apple appears to be accelerating its “south-China” strategy by diversifying its production centers to India and […]
“IT retail stock” mess! The Foxconn crisis caused a shortage of iPhones.
This period has become high season for the retail business which can generate the most sales of the year. “IT tools” It is another best-selling product, and many brands prefer to launch new products in the last quarter. To encourage customers to switch to new products to welcome the coming new year, such as “apple” […]
[World Now] Waking up from the ‘Chinese dream’ with the World Cup
Baidu search word ranking on the morning of the 25th As of 10:00 am on the 25th, among the top 8 search terms on Baidu, half of them are related to the World Cup, including the hashtag that Portugal beat Ghana 3-2. Since the opening of the World Cup in Qatar, China has been crazy […]
More than 20,000 workers at the new ‘iPhone factory’ in Zhengzhou are packing their belongings back home. After the company agreed to pay ‘50,000’ to resign
More than 20,000 new workers at Foxconn’s iPhone factory in Zhengzhou have flocked home after the Taiwanese company paid the iPhone maker 10,000 yuan ($1,000). New employees voluntarily resign following violent protests Sources at Foxconn told Reuters on Wednesday (Nov. 25) that the layoffs of these new workers could hurt the company’s plans to restore […]
Foxconn vows to ‘pay when you leave’ amid mass protests… Remedial measures taken, but iPhone production disruptions likely to continue
Video shows workers wearing protective suits and holding shields confronting police at the Foxconn factory in Zhengzhou, Henan Province, China on the 23rd. AFP Yonhap News Foxconn (Honghai Precision Industries), a Taiwanese company that produces Apple’s iPhones, has begun to deal with the situation by offering some benefits to factory workers in Zhengzhou, Henan Province, […]
