Foxconn profits tumble on the back of iPhone X woes

Delays in the production of the iPhone X hit Foxconn hard. (Source: Apple)
Delays in the production of the iPhone X hit Foxconn hard. (Source: Apple)
Apple's manufacturing partner took a lot of of pain due to delays with the mass production of its flagship iPhone X. This, coupled with sluggish sales of the iPhone 8, saw Foxconn's profit for the quarter tumble 39 percent.
Sanjiv Sathiah,

Working For Notebookcheck

Are you a techie who knows how to write? Then join our Team! Especially English native speakers welcome!

Currently wanted: 
German-English-Translator - Details here

Hon Hai Precision Industry, better known by its trading name of Foxconn, has recorded its biggest drop in profit in the past nine years. In the three months ending in September, it reported a decline of net income in the order of 39 percent. The source of its woes? Delays in production of the iPhone X.

Although the Foxconn was ready to start building the iPhone X, it wasn’t able to get the parts it needed to ramp up production. This included limited supply of the 5.8-inch Samsung-made AMOLED display, the first of its kind fitted to an iPhone. Also constraining its production goals was the difficulties Apple encountered with its suppliers of the complex Face ID 3D facial recognition system found in the iPhone X “notch.” 

The relatively weak demand of the iPhone 8, coupled with the late launch of the iPhone X (which shipped some two months after the iPhone 8), meant that Foxconn’s profit dropped from US$1.09 billion it raked in at the same time last year, to just US$300 million. With the company the sole supplier of the iPhone X and with half of its total business tied up with iPhone production, it was always going to be extremely vulnerable to fluctuations in iPhone shipments.


static version load dynamic
Loading Comments
Comment on this article
Please share our article, every link counts!
> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 11 > Foxconn profits tumble on the back of iPhone X woes
Sanjiv Sathiah, 2017-11-15 (Update: 2017-11-15)
Sanjiv Sathiah
I have been tech-obsessed from the time my father introduced me to my first computer, an Apple ][. Since then, I have grown to enjoy exploring and experimenting with any computing platform that I can get my hands on – I am the definitive early adopter! I have always been interested in how we can use technology to shape and improve our lives, most recently using it to record, mix and master my debut record, Acuity – Nature | Nurture out now on Spotify.