Hon Hai Precision Industry Co.’s shares were halted from trading in anticipation of market-sensitive information, a rare step indicating…
Tag: Hon Hai Precision Industry Co.
Major Apple assembler Foxconn’s August sales increase 33%
Major Apple assembler Hon Hai Precision Industry Co., aka Foxconn, saw its revenue rise 33% in August, accelerating from the previous…
Apple assembler Foxconn to invest $1.6 billion in Indian expansion
Foxconn Technology Group, also known as Hon Hai Precision Industry Co, a partner of Apple, intends to double its investment in India. The…
Foxconn buys equipment from Apple unit for accelerated expansion in India
Foxconn, Apple’s key iPhone assembler, has accelerated its expansion in India by purchasing $33 million worth of equipment from an Apple…
Apple assembler Foxconn Q2 sales slip 14%, forecasts strong Q3
Foxconn, a major assembler for Apple, reported a 13.8% year-on-year drop in second-quarter revenue on Wednesday, but said it…
Apple assembler Foxconn ups pay and bonuses at world’s largest iPhone factory
Apple assembler Foxconn as raised pay rates and bonus packages for new recruits working at the world’s largest iPhone factory in Zhengzhou…
Apple assembler Foxconn’s profit misses on persistently weak Android phone market
Apple assembler Foxconn reported a quarterly profit miss, after the company succumbed to a persistently weak Android phone market…
Apple supplier Foxconn backs top China chipmaker after $9 billion rescue
A Shanghai-listed arm of Apple supplier Foxconn Technology Group acquired a stake in China’s top chipmaker during its $9 billion bailout…
Apple has ‘manageable but significant’ exposure to latest China COVID lockdowns – analyst
Apple investors have a new concern: lockdowns in response to rising COVID-19 cases in key manufacturing areas in China could impact…
Apple stock falls below key level after China shuts Foxconn plant over COVID spike
Apple shares fell on Monday, dropping below their 200-day moving average, after Foxconn halted operations following China’s COVID …
Apple supplier Foxconn halts production in Shenzhen amid China’s COVID spike
Foxconn, a supplier to Apple, has halted production in Shenzhen, China, after government officials put the city under COVID lockdown…
Apple iPhone assembler Foxconn says component shortages are easing
The biggest assembler of iPhones, Taiwan’s Foxconn, said component shortages that have hampered electronics production for more than a year…
Foxconn’s purchase of Ohio auto plant may make it a stronger contender to assemble ‘Apple Car’
Foxconn Technology Group’s planned purchase of an auto plant in Lordstown, Ohio may make it a stronger contender to assemble “Apple Car.”
JPMorgan: Apple ‘iPhone 14 Pro’ expected to sport titanium casing
According to a note to clients from JPMorgan Chase, Apple will launch the “iPhone 14” with the casing of the “iPhone 14 Pro” to be titanium …
Foxconn sets sales record on strong 5G iPhone demand
Main iPhone assembler Hon Hai Precision Industry Co. (Foxconn) reported higher-than-expected quarterly revenue thanks to robust demand…
Apple supplier Foxconn revenue slides 7.7% in March
Revenue at Taiwan’s Hon Hai Precision Industry, a key supplier of Apple Inc’s products known by its trade name Foxconn, slid 7.7% in March due to effects…
Foxconn: Apple’s 5G iPhones on track for autumn launch
Apple iPhone assembler Foxconn says that the company can assemble next-generation 5G-capable iPhones in time for Apple’s usual autumn launch …
Apple’s next-gen 5G iPhones remain on schedule to launch this autumn
Apple’s Chinese-centric manufacturing is slowly getting back on track and that Apple’s next-gen 5G iPhones remain on schedule to launch this autumn…
Apple supplier Foxconn’s profit down 24% in Q419
Taiwanese electronics manufacturer Foxconn reported a 23.7% fall in profit in the last three months of 2019 on Monday as the company prepares…
Coronavirus speeds Apple assemblers’ plans to move beyond China
COVID-19 is expediting Apple assemblers’ move out of China that has been underway since the President Trump began deploying U.S. import tariffs on China…
Mobile World Congress cancellation is good news for Apple’s ‘iPhone SE 2’
sterday’s cancellation of the 2020 Mobile World Congress in Barcelona, Spain, could very well be good news for Apple’s “iPhone SE 2” launch…
Apple suppliers scramble to restart production in China while keeping vast factories coronavirus-free
Apple suppliers in China are scrambling to restart production. Foxconn’s main Longhua campus in Shenzhen is the size of 250 football fields…
Foxconn refutes Reuters report on restart timeline for Chinese factories
In a statement to the Taipei stock exchange, Taiwan’s Foxconn on Thursday refuted that recent Reuters reports on its plans to restart factories in China…
Coronavirus infects Apple’s Mac Pro delivery schedule
For at least a week, many custom iMac, iMac Pro, and MacBook Pro configurations have been facing longer-than-usual delivery estimates on Apple’s online store…
Mobile World Congress 2020 canceled due to Coronavirus outbreak
The 2020 Mobile World Congress has been canceled by GSMA due to fears surrounding the 2019-nCoV coronavirus outbreak. The decision to abandon…
Apple shares surge as Chinese factories accelerate post-coronavirus restarts
Following a report that Foxconn’s iPhone assembly plants will speed up their return to normal production, the market saw Apple shares surge …
Coronavirus effects on Apple to date
The 2019-nCoV coronavirus continues to spread through China. Here’s a rundown of the effects on Apple due to the coronavirus so far…
Foxconn plans to resume 50% of output in virus-hit China by end of month
Foxconn plans to resume 50% of output in virus-hit China by end of February, as the major Apple-supplier reopens plants shut over the coronavirus outbreak…
JPMorgan: Coronavirus may be smaller risk to Chinese manufacturing than feared
The 2019-nCoV coronavirus outbreak that killed at least 1,018 may be a smaller risk to Chinese manufacturing than feared, according to JPMorgan …
Nasdaq climbs to record as investors look past coronavirus
The Nasdaq Composite and S&P 500 clinched closing records on Monday as investors took heart in mostly solid U.S. fourth-quarter corporate earnings…
China’s Q1 smartphone sales may be cut in half due to coronavirus
Since many retail shops have closed for an extended period and production has yet to fully resume, China’s Q1 smartphone sales may plunge by as much as 50%…
Ming-Chi Kuo: Foxconn moves some iPhone assembly from China to India and Taiwan due to coronavirus
Apple analyst Ming-Chi Kuo says some Foxconn iPhone assembly has been moved from China to India and Taiwan due to the coronavirus impact on production…
iPhone assembler Foxconn restarts key China plant with 10% of workers
Apple’s largest iPhone assembler, Foxconn, has received approval from the Chinese government to resume production at a key plant in China…
China government blocks restart of Foxconn plants due to coronavirus
Apple iPhone assembler Foxconn’s plan to restart production on Feb. 10 has been called off by the gov’t in China due to the coronavirus outbreak…
Apple Stores in China won’t reopen as planned due to coronavirus
Apple employees have been notified by the company that Apple Stores in China won’t reopen as planned due to the coronavirus outbreak…
Foxconn warns staff to keep away from Shenzhen facility due to coronavirus
Hon Hai Precision Industry Co., parent company of Apple assembler Foxconn, warned staff at its Shenzhen facility not to return to work…
China coronavirus death toll jumps to 563
The death toll from the 2019-nCoV coronavirus in mainland China jumped by 73 to 563 on Thursday, its third consecutive record daily rise…
Foxconn sees full China production resuming late-February
Taiwan’s Foxconn aims to steadily ramp up operations at factories in China next week, but it could take between one to two weeks after that…
Foxconn to resume iPhone assembly on Feb. 10, quarantine workers
Foxconn plans a quarantine of up to two weeks for any employee that returns to work as a precautionary measure to curb the spread of 2019-nCoV coronavirus…
Apple suppliers shift output out of China as trade tensions rise
Apple Inc.’s main assemblers are shifting more output to India and Southeast Asia…
Apple supplier Hon Hai posts all-time November revenue record
Apple Inc.’s two largest Asian suppliers unveiled decent jumps in monthly revenue…
Apple supplier Foxconn reports 30% growth in September revenue
Apple supplier Foxconn/Hon Hai reports a 30% revenue jump in September to about $18.8 billion…
