“Foxconn Technology Group, the world’s largest custom manufacturer of electronics, resumed hiring at a Chinese factory as it prepares to make a new Apple Inc. iPhone, said a person familiar with the plans,” Tim Culpan reports for Bloomberg. “”
“Workers have been recruited at Foxconn’s plant in Zhengzhou, eastern China, for the past month, ending a hiring freeze imposed in February, said the person, who asked not to be named because the plans haven’t been made public,” Culpan reports. “The extra workers will assemble the new device as well as existing models and have been added at Apple’s request to boost capacity, the person said.”
Culpan reports, “Foxconn has hired 10,000 assembly-line workers a week since the end of March, the Wall Street Journal reported earlier today, citing a person at the company it didn’t identify… Hon Hai Precision Industry Co., the Taipei-listed flagship of Foxconn, makes iPhones in Zhengzhou, Shenzhen and Taiyuan as well as Jundiai, Brazil, according to an Apple supplier list published in January. IPhones are the only Apple product assembled in Zhengzhou, while Taipei-based Pegatron Corp. also makes iPhones in Shanghai, the list shows.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Jax44” and “Fred Mertz” for the heads up.]
Related article:
Next-gen and low-cost iPhone production? Foxconn now recruiting workers in Zhengzhou, sources say – April 9, 2013
Down, down, down it goes. Where it will stop nobody knows.
Remember not long ago when Reuters (I think) reported that they were laying off workers because of reduced iPhone demand? Stock dropped. Now when someone reports that they are hiring, stock drops. That’s why I say that no news for Apple is good news.
Yes, but that allows WS to make up stories. Actually, samdung PR department is probably responsible for most of the BS coverage.
So, again Apple must be doomed or something.
The new cheaper iPhone will have drastically low margins for Apple, and this news will not be welcome by investors or wall street. Expect stock to plummet on this rumor, and even more if its true that FoxCon is hiring.
Regardless of the fact that this is the very same WS who has cried for a cheaper iPhone, while the WS paid journalists and tech bloggers spew the WS party line that a cheaper cheap cheap iPhone is the ONLY way Apple can stay in business.