What you need to know
- Luxshare Precision Industry has reported record revenue and profits for the first half of 2021.
- The company is expected to be a supply chain partner for the iPhone 13.
"Little Foxconn" is experiencing massive financial gains as a supply chain partner to Apple.
As reported by Nikkei Asia, Luxshare Precision Industry held its financial earnings call on Tuesday and, with it, revealed record revenues and profits in the first half of 2021.
The company says that, despite the pandemic and the global chip shortage, they are expecting to continue their short-term plans without much impact.
Luxshare Precision Industry is one of the growing number of suppliers that Apple is working with in China. According to the report, Apple now has more supply chain partners in China and Hong Kong than it does in Taiwan.
Apple is expected to launch a number of devices this fall, starting with the iPhone 13 in September at a virtual event.
Master your iPhone in minutes
iMore offers spot-on advice and guidance from our team of experts, with decades of Apple device experience to lean on. Learn more with iMore!
Joe Wituschek is a Contributor at iMore. With over ten years in the technology industry, one of them being at Apple, Joe now covers the company for the website. In addition to covering breaking news, Joe also writes editorials and reviews for a range of products. He fell in love with Apple products when he got an iPod nano for Christmas almost twenty years ago. Despite being considered a "heavy" user, he has always preferred the consumer-focused products like the MacBook Air, iPad mini, and iPhone 13 mini. He will fight to the death to keep a mini iPhone in the lineup. In his free time, Joe enjoys video games, movies, photography, running, and basically everything outdoors.