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Posts Tagged ‘Hon Hai’

iPhonAsia comment: Digitimes is reporting on a story in the Chinese language Commercial Times about production of an Apple netbook. True or false? Let’s just say it’s plausible. It should also be noted that Digitimes has a hit-and-miss track record on Apple product rumors.

While the netbook space has been popular, Apple has not rushed forward with a “me too” device. There is also no assurance that the rumored Apple device (if it moves from concept to production) will be a netbook. Given the rising popularity of ebooks, it’s possible (pure guesswork) that Apple’s rumored new device will be a more compact touch-screen tablet. According to an April 11, 2009 AppleInsider report, Steve Jobs played a big part in the recent iPhone OS 3.0 release, and is apparently working on a tablet-size device (bigger than an iPhone and more compact than a netbook).

Foxconn (Hon Hai Precision) to land Apple netbook order, says paper

Commercial Times, April 20; Joseph Tsai, DIGITIMES [Monday 20 April 2009]

Foxconn Electronics (Hon Hai Precision Industry) is in the running to land orders for a netbook from Apple, according to a Chinese-language Commercial Times report citing sources from the component supply chain.

Apple’s MacBook will become Foxconn’s major notebook shipment growth contributor in the second quarter, added the paper.

 

tablet concept - courtesy desinformado

tablet concept - courtesy desinformado

 

tablet concept - courtesy desinformado

tablet concept - courtesy desinformado

 

 

 

 

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appelstore535iPhonAsia comment: Well lookie here … Hon Hai Precision Industry (a.k.a. Foxconn) is a bit more optimistic about the immediate future than many in its electronics manufacturer peer group. Where will this growth come from? Digital cameras? Nintendo Wii? Perhaps a bit. But to project growth at 30% in the teeth of a recession, suggests that Hon Hai’s Terry Gou is very optimistic over demand for Apple’s iPhones (yes plural), iPods, Macs and devices to be named later. 

Hon Hai aims for 30 pct sales growth in 2009

picture-16Reporting by Kelvin Soh and Roger Tung; Editing by Jacqueline Wong

  • Hon Hai aims for 30 pct sales growth in 2009 – chairman
  • Bets on demand from new electronics products
  • Stock gains 0.9 percent but lags big board (Recasts with details)

foxconn_270x228TAIPEI, April 16 (Reuters) – Taiwan electronics parts giant Hon Hai said on Thursday it was targeting a 30 percent rise in sales this year, better than market expectations as it bets on growth of some new electronics products.

Hon Hai, a contract maker of some of the world’s most famous gadgets including Apple’s (AAPL) iPhone and Nintendo’s Wii, expects to tap rising demand for new gadgets, including digital cameras, electronic reading devices and other wireless products.

Hon Hai Precision Industry was considering boosting its capacity in Europe to handle an expected rise in demand in the next several years, the chief of its Czech unit said on Wednesday. 

Terry Gou

Terry Gou

“I gave a target of 30 percent sales growth for each business department,” Hon Hai Chairman Terry Gou said during the company’s annual general meeting. But Gou said this year’s target would be very challenging.

The pace would be faster than a forecast 23 percent rise made by Reuters Estimates, which put Hon Hai’s 2009 sales at T$1.81 trillion ($54 billion), up from last year’s T$1.47 trillion.

Hon Hai shares closed up 0.9 percent on Thursday, lagging the main TAIEX index’s 2.1 percent jump.

In the longer term, Gou said his company would also diversify into design and services management to ensure steady growth.

“Many clients are asking us to provide services from design, manufacturing to distribution,” Gou said.

Hon Hai had increased its China workforce by 5 percent despite the global downturn, and would be diversifying its product line to include software services.

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Lin Zhi Ling tangos with Terry Guo

Lin Zhi Ling tangos with Terry Guo

Update – April 15, 2009: The article below implies Hon Hai will cut staff … not so. Read more > HERE

iPhonAsia commment: In June we heard reports (Source: China Knowledge) that Foxconn International Holdings Ltd (Hon Hai), was planning to move its major production facilities to low-cost regions such as Taiyuan and  Langfang. No further word in the media. Anyone have an update?

Hon Hai To Cut 20,000 Staff Globally

picture-110According to Terry Guo, chairman of the Taiwan-based Hon Hai Precision Industry Company, the technology manufacturing group will implement a global staff cut plan and about 3-5% of its employees will lose their jobs.

 

As the parent company of Foxconn, rumors about layoffs in Hon Hai already started when Foxconn announced its plans to cut staff. The group’s reduction will happen globally and Guo made the statements during a donation ceremony without giving the specific number for the layoff.

It is estimated that Hon Hai has over 400,000 employees worldwide. By this number, Hon Hai will cut 12,000 to 20,000 jobs around the world.

In November 2008, Hon Hai’s Hong Kong-listed handset and camera manufacturing unit Foxconn International Holdings announced plans to control costs by redeploying 5% of its frontline workers and 10% of management staff in Shenzhen due to the economic slowdown.

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iPhonAsia Comment: Duh!

Reuters is also quoting China Mobile CEO Wang Jianzhou as saying today (March 4, ’09) that China Mobile would “continue to talk to Apple” and he would not comment on the discussions between China Unicom and Apple. The Apple and China Mobile story is a long and winding road … If I can find a few free hours over the weekend I’ll offer up my take.

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China Unicom in talks to sell Apple iPhone in China

BEIJING, March 4 (Reuters) – China Unicom (Hong Kong) Ltd chairman Chang Xiaobing said on Wednesday the company was in talks with Apple Inc. to introduce the iPhone to China.

“We are in talks with many handset suppliers, including Apple,” the chairman told reporters.

Its competitor China Mobile said last year that it was negotiating with Apple on selling the iPhone in China. (Reporting by Joanne Chiu; Editing by Jonathan Hopfner)

Taiwan’s Hon Hai increases workforce in China

TAIPEI, March 4 (Reuters) – Taiwan electronics giant Hon Hai said on Wednesday it had recently increased its number of employees in China by 5 percent despite the global downturn.

“In the short term, things are not as bad as they are made out to be,” Chairman Terry Gou said at a signing ceremony between the company and IBM on using green technology. Gou did not specify when the company had increased its China workforce.

Hon Hai is a contract manufacturer that makes some of the world’s most famous gadgets, including Apple’s iPhone, Nokia cellphones and Nintendo’s Wii game console.

(Reporting by Kelvin Soh; Editing by Jonathan Hopfner)

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Update: January 7: Source > China Tech News In response to Taiwanese media reports that Hon Hai Precision had gained the acting rights of Apple’s iPhone in China, Edmund Ding, spokesperson for Hon Hai, denies the rumor and says the report came from nowhere and was merely a rumor.

On January 1, 2009, the Taiwan Commercial Times reported that Hon Hai had gained general acting rights for Apple’s products on the Chinese mainland and the company would start a large-scale construction of channel market in mainland China. Later, other reports which were also originated from Taiwan said that Hon Hai was testing Apple’s new 2.75G iPhone and this product would be launched in China in April 2009.

However, Hon Hai has published a report to clear the rumor and says the news was fully created by media speculation. The company further emphasizes that all the large events of the company will be published through official channels.

Rumor: Hon Hai to Sell iPhone in Mainland from April

ChinaByte, 1/06/08

picture-11According to reports in the Hong Kong and Taiwanese media, Taiwan’s Yuanta Research Center has said that Hon Hai Precision Industry won mainland distribution rights for the iPhone, but not Apple computer products, and that the company is currently testing a new 2.75G iPhone due to be released in China in April this year.

Yuanta’s Chen Lifeng said that according to preliminary estimates, the iPhone may sell 5 to 10 mln units on the mainland during its first year of sales.

Hon Hai earlier denied that it had won general mainland distribution rights from Apple. Hon Hai spokesperson Edmund Ding today also denied the news that the company had acquired distribution rights for the iPhone in Mainland China.

Editor’s Note: It was recently rumored that Hon Hai had obtained general distribution rights for mainland China from Apple Computer. For more background, please see “Hon Hai to Distribute for Apple in Mainland“, MD 1/04/09 issue.

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Via Appleinsider

BofA sees 3G iPhone build in May, predictions “too conservative”

By Aidan Malley

Friday, March 28, 2008

Further fueling talk of a 3G-capable iPhone this spring, a research note from Bank of America claims knowledge of next-generation Apple handset production beginning in May, and warns that past sales predictions have been timid.

In his message to investors, financial analyst Scott Craig points to channel investigations which show an iPhone capable of faster, third-generation cellular Internet access produced in small numbers in May, with a larger number surfacing in June as Apple prepares a formal rollout for the new device.

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“This likely implies a launch announcement in [the second calendar quarter],” Craig says.

 

Apple is also likely to significantly increase its iPhone production compared to its most recent full quarter. While iPhone production during the holidays totaled 2.3 million, the Bank of America researcher estimates about three million 2G and 3G iPhones made during the spring quarter and a much larger eight or more million during the summer. Each additional million units sold could add about $400 million to Apple’s bottom line, Craig notes.

 

Simultaneous reports on Friday supported the analyst’s statements., with the Taiwanese Commercial Times paper alleging that bidding is underway for 3G iPhone manufacturing while Dow Jones ventured so far as to claim that Hon Hai had already won a contract for production of an advanced model.

 

The investigations of the supply chain have been enough to warrant a significant rethink of longer-term predictions for 2008. As Apple may now produce the same eight million iPhones in one quarter that analysts have been predicting for the entire year, previous estimates are now “starting to look too conservative,” according to Craig.

 

The expert maintained existing forecasts for the rest of Apple’s lineup. iPod shipments are estimated to drop by several percentage points year over year for the first quarter, dipping below 10 million units, while a combination of the MacBook Air and refreshes to existing portables is tagged as a likely upside for computer sales.

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Update June 26, 2008: Foxconn to move major production to low-cost regions

Jun. 26, 2008 (Source: China Knowledge) – Foxconn International Holdings Ltd, a Shenzhen-based handset producer, is planning to move its major production facilities to low-cost regions such as Taiyuan and Langfang regions, sources reported. The sources said Foxconn International made the decision mainly because of the surging labor cost in Shenzhen and the market turbulence caused by Apple’s Apple’s low-price iPhone strategy.

 

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Hon Hai Precision competes to make Apple’s new iPhone

By MarketWatch

Last update: 9:46 p.m. EDT March 27, 2008

Full article > HERE

TAIPEI (MarketWatch) — Hon Hai Precision Industry Co. the world’s largest contract electronics maker by revenue, is competing to make Apple Inc.’s new version of its third-generation (3G) iPhone, the Commercial Times reported Friday without citing sources.

If Hon Hai wins the order, it could ship an extra 10 million handsets a year, the Chinese-language paper said. It didn’t name the other companies interested in Apple’s order.

Steve Jobs & Terry Gou 

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NOTE: Foxconn (富士康) is the trade name of the Taiwanese firm Hon Hai Precision Industry Co. (Ltd.)

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