Tech

Apple iPhone 8 Expectations made Foxconn shares reach the highest ever

Written by TechNadu Staff
Last updated June 16, 2021

Recently iPhone 8 expectations are causing quite a stir in the market. The iPhone 8's popularity is not only profitable for Apple but also to its primary iPhone Assembler, Hon Hai Precision Industry(Popularly called as Foxconn).

Bloomberg reported Apple's 10th anniversary has made a gain of 29% last year with its shares have reached the peak which had helped the group defy a flat-lining mobile market.

From rumours one thing is for sure, Apple is set out to bring a redesigned iPhone this year due to the failure of the late iPhone 7 to seek the attention of the existing audience to upgrade but according to Bloomberg report "It did attract new smartphone buyers. That bodes well for the iPhone slated for later this year."

The OLED iPhone 8 display is expected to mass-produce by Foxconn will definitely increase the stocks.Apple could sell 20 million to 23 million iPhones during the December quarter in China alone, Counterpoint Research estimates.

Bloomberg report clarifies Apple could sell 20 million to 23 million iPhones during the December quarter in China alone, Counterpoint Research estimates.

The Founder of Foxconn, Terry Gou plans to invest in the growing fields such as VIrutal reality, artificial intelligence, robotics and IOT. Last year the company acquired Sharp which has valuable display technology to move up in the chain.

The Foxconn group and Sharp are considered building a display-making facility for $7 billion in U.S. The Duo ventured into LCD factory in Southern-China for next-gen TV Displays which would crank up in 2019.

Foxconn is looking for other growth opportunities since iPhone and tablets are seeing a slower growth.  Apple will be partly responsible how Foxconn will emerge in the following years.



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