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Foxconn reports 56 percent profit shortfall for Q1 2023, offers modest financial expectations for the year

The numbers aren’t where Foxconn, Apple’s primary supplier, would like them to be. Foxconn recently reported a 56 percent decline for its first-quarter net profit, a number that represented its largest quarterly decline in three years, the company falling far short of forecasts. During the January-March quarter, Foxconn disclosed a decline in net profit to […]

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Rumor: Apple adds Wentai Technology as additional Chinese supplier for MacBook Pro production

With Apple looking to expand its manufacturing to India and Vietnam, the company is rumored to have recently added an additional Chinese supplier for the creation of its MacBook Pro notebook. According to IT Home, Wentai Technology has been mass-producing the MacBook Pro since the end of 2022. That production capacity is reportedly rising rapidly, […]

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Apple has transferred 7 percent of its iPhone production to India, seems well ahead of schedule for larger production plan

Apple is reportedly well ahead of schedule in transitioning some of its iPhone production facilities from China to India and has tripled its manufacturing there since 2021. As part of its moves to reduce reliance on China, Apple has already been reported to be ultimately aiming at making 25 percent of all iPhones in India. […]

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Foxconn wins first AirPods contract, will produce units from factory in India

Foxconn has won its first contract to produce AirPods for Apple. The Taiwanese contract manufacturer plans to build a factory in India to produce the earphones, underlining efforts by the key Apple supplier to diversify production away from China. According to the report from Reuters, Foxconn will invest more than $200 million in a new […]

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iPhone 14 and iPhone 14 Plus handsets now available in Yellow

If you’re a fan of Apple’s new yellow iPhone 14 and iPhone 14 Plus color, your unit is ready and waiting for you to pick it up. Apple has announced that its yellow iPhone 14 and iPhone 14 Plus units are available for pickup at Apple Stores in the U.S. and select other countries. Online […]