Market Chatter: Apple iPhone Duo Manufacturer Foxconn Says Current Production Footprint Suffices

MT Newswires Live10-30 16:44

Apple's (AAPL) main production partner Hon Hai Precision Industry, or Foxconn, expects that its worldwide footprint will allow it to meet demand for the foldable $2,000 iPhone Duo, Bloomberg reported Friday, citing the manufacturer's rotating Chief Executive Michael Chiang.

The phone, mostly built at Foxconn's plant in central China, has quickly sold out in stories while online orders are expected to begin arriving in late January, the report said.

Chiang said the company has 240 sites in 24 countries that will eventually allow it to supply the phone in a timely way, the report said.

Apple and FoxConn did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment