apple supplier foxconn’s profit plunges 90
Why did Apple make an alliance with Foxconn?
The government also put in place High Technology Development Zones (HTDZs) to attract foreign high-tech companies. One Foxconn factory is situated in in Zhongshan. In sum, these externally oriented locations offer many advantages that can explain why Apple decided to make an alliance with Foxconn.
Does Foxconn have a problem with Apple?
According to the report, Foxconn's single-digit profit margins are causing the company to "employ questionable tactics" in order to grow its earnings. Foxconn has apparently been dishonest with Apple about the number of employees it has hired as well as used Apple's own equipment to make devices for its rivals.
Are Foxconn supply disruptions costing Apple $1 billion a week?
The ongoing supply disruptions at Foxconn’s campus in the city of Zhengzhou were costing Apple roughly $1 billion a week in lost iPhone sales, Daniel Ives, an analyst at Wedbush Securities, had told CNN Business. He estimates that Apple is short of between 10 million and 15 million iPhones in the vital holiday shopping season.
Are Foxconn's profit margins eroding Apple's relationship?
A new report from The Information (via MacRumors ), details a potentially eroding relationship between Apple and its longtime partner Foxconn. According to the report, Foxconn's single-digit profit margins are causing the company to "employ questionable tactics" in order to grow its earnings.
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