Technology

Foxconn’s third-quarter profit growth was nearly unchanged

Smartphone products still contribute nearly half of Foxconn’s third quarter revenue. According to the Foxconn Report released on Thursday, their quarterly profit was almost unchanged, exceeding expectations. This is mainly due to the continuing trend of working from home and the market with strong demand for remote office equipment. Calculations of Reuters based on 9-month […]

Technology

Apple and Foxconn’s longtime relationship is deteriorating

The longstanding relationship between Apple and Foxconn has worsened recently due to a profit margin battle, according to The Information. While Apple’s gross profit margin is nearly 40%, Foxconn remains at one digit, leading the company to implement many tricks to increase profits. According to The Information, for manufacturing projects, Foxconn often tells Apple that […]