Foxconn has grown very much in the tailwind of Apple's success but it appears the company is now looking to make its business sustainable, even if Apple should become less successful.
According to Digitimes, Apple currently accounts for more than 40 percent of Foxconn's sales, which is a windfall in good times but a problem that could bring down the company to its knees should Apple begin to pull orders or experience problems on its own. Not surprisingly, Foxconn may be looking to diversify its revenue base with other high volume products.
Digitimes said that it may be a tough task to replace Apple's volume of orders and dramatically reduce the dependency on the iPad and iPhone maker. Since Foxconn would need a volume similar to that of Samsung's phones and tablets to accomplish that task, we would even go a step further and state that it will be nearly impossible to replace Apple's volume in the short term.
Apple is reportedly still diversifying its production base to its dependence on Foxconn as the major product assembler.
This is news? Isn't it what all large companies seek to do as a matter of course?
This is news? Isn't it what all large companies seek to do as a matter of course?
except apple How much percentage of revenue of Apple is from iPhone and iPad
Its news because the writer like to write about how well his favourite brand is doing and try smudge the rest whenever possible!
This isn't really a shining light for Apple.
They have been looking into robotics but it seems they have stopped those plans due the risk of skynet being born and that it would wipe out all humans due to robotic abuse!
It's not lack of profit that is keeping them from improving working conditions, it's greed. They do it because they *can*.
Companies in the U.S. are no different, it's just the minimum standard is higher: http://inequality.org/executive-pay-scorecard-2011/
That's an avg bonus of $9,050,000.00 per CEO. EACH bonus could have employed 181 workers at the current middle income avg salary of $50,000. That's the pay of over 1800 jobs, or 18,000 good pay raises that was soaked up by *only* 10 "successful" d***bags.
Tell this to Wall Street. Their 'analysts' have not figured that out yet. As a result we have a stock that is way overpriced and bound to crash.
Apple will make about 400 dollars off every iphone 5 built and it costs about 160 bucks to build. Apple makes a huge profit off sales of the iphone raping the customers and suppliers all the while cashing in on massive profits off sales.
It's not just new products that are ridiculously overpriced either if you want to have your device repaired that is not under warranty it will cost you hundreds if not thousands of dollars for a simple fix.
A friend of mine had a broken super drive and the estimated cost from the Apple store was 2000 dollars! You may as well get yourself a new PC for that price!
There's more cost to a product than the price to manufacture it.