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1-10 results from 247 for query «foxconn»

January 9, 2019 7:26 AM Apple cuts current-quarter production plan for new iPhones by 10 percent: Nikkei

(Reuters) - Apple Inc (AAPL.O), which slashed its quarterly sales forecast last week, has reduced planned production for its three new iPhone models by about 10 percent for the January-March quarter, the Nikkei Asian Review reported on Wednesday. That rare forecast cut exposed weakening iPhone demand in China, the world’s biggest smartphone market, where 92

December 5, 2018 3:26 AM Apple assembler Foxconn considering iPhone factory in Vietnam -state media

HANOI (Reuters) - Foxconn, the world’s biggest electronics contract manufacturer and a key Apple Inc supplier, is considering setting up a factory in Vietnam to mitigate any impact of an ongoing trade war between the United States and China, Vietnamese state media reported. The move would be one of the first significant steps by a major company with large 106

December 4, 2018 8:37 AM Sharp contractors axe 3,000 staff as iPhone sensor output shifts: union

TOKYO (Reuters) - Nearly 3,000 foreign workers subcontracted to Sharp Corp have been laid off in central Japan, a labor union said, as the firm moves production of some sensors for Apple iPhones to a Chinese plant owned by its parent Foxconn. The labor union said some of the laid off workers were its members. The union is in Mie Prefecture in central 95

November 6, 2018 3:43 AM Apple's Asia suppliers fall on report it canceled production boost for iPhone XR

(Reuters) - Apple Inc’s (AAPL.O) Asian supplier and assembler stocks fell on Tuesday on a media report that the iPhone maker had told its smartphone assemblers to halt plans for additional production lines dedicated to its new iPhone XR. Taiwanese assembler Pegatron Corp (4938.TW) fell nearly 4 percent and rival Hon Hai Precision Industry Co Ltd (Foxconn) 72

August 14, 2018 2:18 AM Taiwan's Hon Hai shares fall 1.9 percent after second quarter results miss estimates

TAIPEI (Reuters) - Taiwan’s Hon Hai Precision Industry shares fell 1.9 percent on Tuesday morning after its second quarter results missed analyst estimates. Taiwan’s Foxconn the world’s top contract electronics maker and an Apple supplier, posted lower than expected quarterly net profit on Monday and extended a decline in profit to a second quarter 48

August 13, 2018 12:41 PM Foxconn Posts Unexpected Drop in Profit

Earnings decline despite strong demand for Apple’s iPhone BEIJING—Foxconn Technology Group posted a surprise 2.2% decline in second-quarter profit, even after its biggest customer Apple Inc. said recent demand for iPhones remained resilient. Taiwan-based Foxconn said Monday that its net profit for the quarter ended June 30 was 17.5 billion New Taiwan 48

August 13, 2018 12:23 PM Foxconn second-quarter results miss estimates ahead of product launches

TAIPEI (Reuters) - Taiwan’s Foxconn, the world’s top contract electronics maker and an Apple supplier, posted surprisingly lower quarterly net profit on Monday, extending a downward streak to a second quarter in a row. The tepid results from Foxconn, formally known as Hon Hai Precision Industry Co Ltd, underline a muddy outlook for sales in a plateauing 48

June 29, 2018 2:51 AM Trump says SoftBank Son's U.S. investment hitting $72 billion

MT. PLEASANT, Wis. - U.S. President Donald Trump said on Thursday SoftBank Group Corp (9984.T) Chief Executive Masayoshi Son is increasing his investment in the United States to $72 billion, significantly more than the $50 billion he had previously pledged. “His $50 billion turned out to be $72 billion so far, he’s not finished yet,” Trump said, without 209

June 29, 2018 1:37 AM Trump says SoftBank's Son increasing U.S. investment

MT. PLEASANT, Wis. - U.S. President Donald Trump said on Thursday SoftBank Group Corp (9984.T) Chief Executive Masayoshi Son is increasing his investment in the United States to $72 billion, significantly more than the $50 billion he had previously pledged. “His $50 billion turned out to be $72 billion so far, he’s not finished yet,” Trump said, without 158

June 28, 2018 7:43 PM Trump Touts Return of U.S. Manufacturing Jobs at Foxconn Groundbreaking

Large LCD-display complex expected to cost $10 billion and employ 13,000 people MOUNT PLEASANT, Wis.—President Donald Trump said that a $10 billion Foxconn Technology Group megaplant that broke ground in Wisconsin on Thursday is evidence that manufacturing jobs are coming back to America, a key part of his election-year promises. “As Foxconn has discovered 32