MacNN | Foxconn head says company struggling with iPhone 5 demand
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums
 

Desktop Headlines
Foxconn head says company struggling with iPhone 5 demand
Wednesday, November 7, 2012 @ 9:52am

Foxconn is being overwhelmed by demand for the iPhone 5, according to the Asian manufacturer's chairman, Terry Gou. Reuters reports that Gou made the comments to reporters following a business forum. "It's not easy to make the iPhones. We are falling short of meeting the huge demand," he said. Production is currently being handled by Foxconn brand Hon Hai Precision Industry; Gou has declined to say whether Foxconn International Holdings might be handling some of the overflow. Normally FIH handles only non-Apple products.



On Monday FIH shares rose by as much as 35 percent following a Citigroup analysis upgrading the company's stock to a buy, and suggesting that it would start building iPhones this year. Apple is already Foxconn's most important individual client; its demands have steadily grown over the years, however, with more complex designs launching in more countries simultaneously. The difficulty of assembling the iPhone 5 has been blamed for keeping sales below levels they might achieve.

Comments on this Article
Print Friendly Version
Email to a Friend
Add MacNN to Your RSS Feeds
Buy from the Apple Store


Related Stories:

Today's MacNN Stories:

  • Misfortune Cookie exploit endangers 12 million routers - 3:06 AM EST
  • Hands On: Snapselect photo management app (OS X) - 2:03 AM EST
  • Analysis: Title II regulation, with forbearance, the best path forward - 12:18 AM EST

    Today's iPodNN Stories:
  • Plaintiffs in Google antitrust lawsuit required to submit more details - 11:13 PM EST
  • Interview fallout continues: actors complain, Team America taken down - 7:35 PM EST
  • Intel processors rumored to appear in two Lenovo smartphone launches - 3:20 PM EST
  • ICANN servers accessed following 'spear phishing' attack - 7:09 AM EST
  • Briefly: Colbert Report in Street View, Netflix on Dish Hopper DVR - 6:16 AM EST
  • No comments posted on this story yet. Please post yours.
    Your Comments
    In order to post comments, you must be a registered member of the MacNN Forums and logged in. Please login with your MacNN Forums username and password.

    MacNN Forums Login:

    MacNN Forums Password:

    Not a member of the MacNN forums? Register now for free.