“Daiwa Capital Markets analysts in Hong Kong [say AppleInc.] … is about to green-light iPhone assembly work to a second company, Foxconn International Holdings,” Chris Oliver reports for MarketWatch. “Production is most likely to be underway by the end of the year, or early next year, according to Daiwa, which believes the company will assemble 7 million iPhones in 2013.”
“While the name might sound familiar, Foxconn International has had nothing to do with the iPhone so far,” Oliver reports. “By broadening the number of companies that make the iPhone beyond Hon Hai Precision, Foxconn International’s parent and the sole producer of the iPhone, Apple will be spreading wider the fruits of its success.”
Oliver reports, “Daiwa forecasts Foxconn International’s revenues will jump more than 30% on year in 2013 with the iPhone on board.”
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