A few weeks back TQ informed readers that Apple’s long time partner, Hon Hai, also known as Foxconn is supposedly looking to reduce its dependence on the Cupertino-based company or at least expand its customer base. It was also highlighted in the report that Foxconn was ready to offer Apple all the necessary technology it required to make the iTV. Moreover, the chairman of the Taiwan-based multinational company also revealed that they are planning to step out as a brand rather than staying at the back and just keep producing products for other companies. Now the Wall Street Journal has issued a new report, which once again reinforces that Foxconn is moving away from Apple.
Quoting anonymous executives from Foxconn, the Wall Street Journal reported that the Taiwanese company is looking to boost its manufacturing volume. In addition to this, Foxocnn is also planning to produce and sell electronics accessories with its own name. Furthermore, Foxconn is also looking to tap the mobile app world, cloud services and at the same time hoping to improve its profit margins as well.
“Hon Hai’s ultimate aim is to be able to supply content for all of the devices it assembles, executives familiar with the company’s strategy said. The company is hiring software engineers for its research and development center in southern Taiwan, who will focus on developing mobile applications, cloud computing technology for servers and applications for smart watch devices. Company executives declined to disclose the amount of investments being made in software and content.”
“Hon Hai is also reviewing plans to make accessories such as data transmission cables, headphones and keyboards under the Foxconn brand, said executives who have direct knowledge of the plan.”
One of the executives said that, “Chairman (Terry Gou) has ordered all business units to produce peripheral accessories of electronics products as it is more profitable than assembly services. We also plan to license Apple’s technology to make some own-brand accessories that are compatible with iPhones and iPads.”
One cannot completely rule out this report because when it comes to Foxconn’s profits, Apple is behind 50 percent of the money. When Apple’s revenue fall down for the first time in a decade at the end of first quarter of 2013, as a result of that Foxconn’s revenue also slide down by 19 percent at the end of the first calendar quarter, in spite of the fact that the net profit of the Taiwanese company saw an increase of roughly 3 percent.
Source: iPhoneinCanada
Photo: NewsfromtheLoop
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