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Apple is throwing off the industry: Foxconn will lower costs

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© Milwaukee Independent

Foxconn is lowering its costs, and that will affect their employees most of all. According to an internal Foxconn newsletter, Apple's contracted manufacturer wants to reduce its costs by a total of 2.85 billion dollars. The production division, which specializes in iPhones, will take the biggest hit and reduce costs by 865 million dollars. Every tenth employee in the non-technical sector will be dismissed.

Rumors have been circulating for weeks that the new iPhone might not sell as well as planned. Per usual, Apple hasn't commented on the matter. But analysts and shareholders alike appear to be skeptical: Apple stock has been in a downright decline for several weeks now. The entire market is currently under pressure, as tech stocks in general have been falling sharply for some time now.

But, there is some good news for Apple out of China. According to Mac&I, Apple was able to sell a lot of iPhone XRs at the Singles' Day shopping festival in China. These are the "cheap" entry-level models, but have a starting price of $749 in the state.

So far this holiday season, Apple has been a bit of a scrooge. They are yet to offer any discounted prices for Black Friday and Cyber Monday, although in years past the company has offered additional gift certificates to go along with certain purchases.

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Go to comment (1)
Fabien Röhlinger

Fabien Röhlinger
Co-Founder

Smartphones und ich – das ist seit 2007 eine echte Symbiose. Mobiltelefone haben mich an sich schon immer interessiert. Aber der Start des iPhones hat bei mir sowas wie einen Booster gezündet. Im Jahr 2009 habe ich dann AndroidPIT gegründet. Die Idee war, dass Android das Gegengewicht zu Apple und iOS schaffen würde. Aus AndroidPIT wurde dann im Jahr 2019 NextPit. Es gab tatsächlich noch keine Generation des iPhones, keine der Apple Watch oder des iPads, die ich ausgelassen hätte. Viele meiner Arbeitsprozesse basieren auf den vielen Möglichkeiten, die Apple-Geräte bieten.

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  • Sravani Namburi 10
    Sravani Namburi Nov 22, 2018 Link to comment

    Thanks for article this information helped me a lot

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