Foxconn

Foxconn profits rise thanks to popularity of iPhone 6, 6 Plus

Foxconn had a successful year, with a net profit increase of 22% over 2013, its highest earnings growth in five years, in part due to the popularity of Apple's new iPhones.

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iPhone trade-in program reported to launch in China, Foxconn to buy and resell used devices

The program in China will reportedly involve Apple selling traded-in iPhones directly to Foxconn, who will then refurbish and resell the devices via its own channels.

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Foxconn plans to cut its huge workforce due to higher labor costs [Update: No, it won't]

Update: Foxconn has now told CNET that Reuters' story is "completely inaccurate and totally without foundation", adding, "As we continue to increase the application of automation in our operations, the magnitude of our employee recruitment is expected to decrease in the years ahead, but we have no plans to reduce our workforce numbers now or anytime in the future."

Original story: Foxconn, the main manufacturing partner for Apple, will reduce its huge workforce in the face of higher labor costs and lower revenues. The move comes even as Apple is expecting to reveal high sales for its iPhone 6 and iPhone 6 Plus later today, both of which are made at Foxconn factories.

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Foxconn building $2.6 billion dedicated display plant for a single client

Foxconn, the manufacturer of Apple's devices, including the iPhone and iPad, is about to invest $2.6 billion in a facility in Taiwan dedicated to producing displays for a single client. While the client isn't explicitly named, few companies other than Apple could generate the demand that would require a dedicated display production facility. The plant is expected to begin producing displays by the end of next year, according to Bloomberg:

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Foxconn reportedly having issues keeping up with iPhone 6 and iPhone 6 Plus demand

Even as Apple gets ready to launch the iPhone 6 and iPhone 6 Plus in less than two days, its main manufacturing contractor Foxconn is reportedly having issues keeping up with the demand for the new smartphone.

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Chinese Foxconn worker accused of stealing and selling iPhone 6 shells

A worker at one of Foxconn's factories in China was reportedly detained and accused by local law enforcement of stealing six shells for Apple's upcoming iPhone 6 and selling them to a buyer for $160 each.

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Foxconn to deploy 10,000 iPhone-building robots

Apple's primary manufacturing partner, Foxconn, announced during a shareholder call that they're going to begin deploying new robots in their factories to aid in iPhone production. 10,000 of the machines are set to hit the assembly lines shortly, each at a cost of $20,000 - $25,000 and be able to churn out 30,000 devices. Foxconn CEO Terry Gou said they're in the final phase of testing these "Foxbots".

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Apple manufacturers hire more staff in preparation for the iPhone 6

Foxconn and Pegatron have started recruitment drives that will see the two manufacturers increase their workforce by a significant amount to support production of the iPhone 6. According to Taiwan's Economic Daily News, Foxconn will be looking to add 100,000 people in mainland China, while Pegatron will expand its current numbers by 30 percent. Recruitment drives prior to an iPhone launch isn't news in of itself, but the numbers shared show just how much hype is anticipated for Apple's next smartphone.

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Foxconn and Pegatron manufacturer profits bouyed by increased iPhone and iPad sales

Hon Hai Precision Industry Co. — you might know them better has Foxconn, manufacturer of many things Apple — saw their net profit last year rise 13% on the back of increased sales of iPhone and iPad devices. Pegatron, another major Apple manufacturer that is the primary source of the iPhone 5c and iPad Mini, saw their earnings jump 22% in just the last quarter.

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iPhone 5S wait time shortens as production increases

The wait for a new iPhone 5S has shrunk from weeks to days since last month, thanks to increased production of the phone by Foxconn. Apple has asked Foxconn to shift production from the iPhone 5C to the iPhone 5S, according to the Wall Street Journal.

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