Foxconn Technology Co., Ltd. (TPE:2354) has resumed hiring employees for its Chinese factory after it was halted for a while. The company has taken the reported move in anticipation of Apple Inc. (NASDAQ:AAPL)’s next iPhone, reports Bloomberg.
Hon Hai, popularly known as Foxconn Technology Co., Ltd. (TPE:2354) is a Taiwanese company that has hired around 10,000 assembly line workers per week in Zhengzhou, which is a major production plant of the iPhone. According to a source, Foxconn is building up on its employee capacity in order to manufacture Apple’s 2013 iPhone.
Foxconn Technology Co., Ltd. (TPE:2354) has not done any new hiring since February of 2013 in the wake of weaker demand for the iPhone 5. There have been different talks regarding the launch date of the new handset from Apple Inc. (NASDAQ:AAPL) with some speculating that the phone might be rolled over in June.
At this year's Sohn Investment Conference, Dan Sundheim, the founder and CIO of D1 Capital Partners, spoke with John Collison, the co-founder of Stripe. Q1 2021 hedge fund letters, conferences and more D1 manages $20 billion. Of this, $10 billion is invested in fast-growing private businesses such as Stripe. Stripe is currently valued at around Read More
Ming-Chi Kuo, an analyst, holds that Apple Inc. (NASDAQ:AAPL)’s iPhone will have to go through many technical issues in rolling out the iPhone 5S. Analyst Kuo said that Apple Inc. (NASDAQ:AAPL) is seeking to build a fingerprint scanner under home button of its future iPhone. This will allow the user to skip entering password and access e-wallet functionality. However, if Apple actually brings in this technology to its phone, it will result in a delay of the launch of the iPhone 5S.
“Apple has to work out how to prevent interference from the black and white coating material under the cover glass,” Kuo said.
The new flagship model from the house of Apple will potentially give competition to new launches of Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) and HTC Corp (TPE:2498). The Smartphone maker garnered record shipments of iPhone 5’s in December 2012, but the sales came at lowest in the last quarter since 2009.
The electronic giant Samsung is all set to rollover its Galaxy series S4 for sale in the United States on April 26. HTC Corp (TPE:2498) will launch its one series phone in North America, Europe and Asia around April 30.
Apple gave a tough fight to both Blackberry and Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) Ovi and took the number one spot in the smartphone maker segment. However, Samsung snatched the number one position with its Galaxy series and garnered sales of $294 billion.
The company posted record sales of 47.8 million iPhone’s in the first quarter of 2013. The sales surged around 8.8 percent to $42.6 billion in the second quarter of 2013, which was the most sluggish quarter for the company since 2009.
Foxconn Technology Co., Ltd. (TPE:2354) manufactures iPhone’s in Zhengzhou, Shenzhen and Taiyuan as well as Jundiai, Brazil as per list of Apple Inc. (NASDAQ:AAPL) suppliers published in January.