Friday, September 21, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
PlayStation Now Adds Downloading of PS4, PS2 Games
U.S. Music Industry Dominated by Streaming
Amazon Announces New Echo Devices, New Alexa Features
AR Headset Prevalence is Still a Few Years Out
Alibaba and Intel Cloud Deliver Joint Computing Platform for AI Inference at the Edge
GoPro Launches New Hero 7 Black, Silver and White Cameras
Xiaomi Launches the Mi 8 Lite And Mi 8 Pro Smartphones in China
Airbnb to Comply with European Commission Demands, Facebook and Twitter Need to Do More
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Delay o...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, November 14, 2017
Delay of iPhone X production Had an Impact in Foxconn's Earnings

The delay in the production of Apple's flagship handset iPhone X this year had a negative impact on the third-quarter earnings of Hon Hai Precision Industry, also known as Foxconn Technology.

Production problems with the iPhone X sensor array initially slowed manufacturing of the flagship smartphone, partly because the components must be assembled to a very high degree of accuracy.
The structured light approach of the Face ID system requires lasers to be positioned very precisely, making it slow to assemble in high volume.

On Tuesday, Foxconn reported operating profit of 18.71 billion New Taiwan dollars ($620 million), down 55.5% year-over-year, on revenue of NT$1.07 trillion, up 0.33%, in the three-month period ended September.

Net profit in the third quarter was NT$21.02 billion, down 39.2% from a year ago.

Foxconn and its subsidiaries control about a 45% stake in Sharp, which booked a net profit of 20.2 billion yen ($177 million) in the July-September quarter.

However, it is estimated that Foxconn is likely to enjoy two consecutive strong quarters from October to March, as Apple is forecasting a record holiday quarter on healthy demand for iPhone X.

Apple accounts for more than 50% of Foxconn's total revenue. Foxconn is also assembling iPhone 8 Plus this year.

Issues with facial identification parts created a bottleneck in the mass production of iPhone X before the handset went on sale on Nov.3.

Foxconn's Hong Kong-listed subsidiary FIH Mobile, in charge of making mobile devices for customers including Huawei, Xiaomi and Razer, also issued a profit warning in early November that losses in the second half of this year will be "significantly higher" than the $200 million loss it made in the first six months of 2017.

Next AR-focused iPhone Could Have Rear-Facing 3-D Sensor        All News        NVIDIA Tesla V100 GPU Available in Volta-based Cloud Services
Firefox's Faster Quantum Edition Web Browser is Now Available     General Computing News      Vive Announces Vive Wave Open Platform and Vive Focus, Its Standalone VR device For China

Get RSS feed Easy Print E-Mail this Message

Related News
Foxconn Breaks Ground in In Wisconsin Plant, Looks at AI and Beyond Apple
Foxconn to Further Expand in the U.S. Market Though Vizio
Foxconn's Q1 Profit Declined
Foxconn Buys Belkin International
Foxconn to Focus On Display and 8K Camera Manufacturing
Foxconn to Invest $340m in AI venture
iPhone Assembler Hon Hai to Get OLEDs from Sharp
Apple Confirms Student Personnel Worked Overtime For Hon Hai on iPhone X plant
Foxconn, Apple, and SoftBank Pursue Acquisition of Toshiba Memory Unit
Foxconn Announces U.S. Manufacturing Plant in Wisconsin
Foxconn Confirms US Investment Plan
Apple, Dell, Kingston, Amazon, Could Join Foxconn In Bid for Toshiba Chip Business

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .