toggle

AAPL Stock: 102.64 ( + 1.58 )

Printed from http://www.macnn.com

iPad production effiency will improve, says Foxconn

updated 11:30 am EDT, Wed June 8, 2011

Chairman: Tablet is 'very difficult to make'

Terry Gou, the chairman of Foxconn parent Hon Hai, says the company is taking steps to improve the efficiency of iPad production that will begin paying off in the second half of 2011. Speaking at a Hon Hai shareholders meeting, the executive explained that the company's profit growth has lagged behind Apple because iPads are "very difficult to make." Hon Hai is constantly discovering ways of building iPads more efficiently, Gou claims.

Hon Hai has recorded two quarters declining profits, attributed mainly to higher wages and the cost of moving factories to inland China. iPad production has also been damaged in recent months. Even though consumer demand remains high, a March 11th earthquake crippled some Japanese suppliers, and a May explosion at a plant in Chengdu, China temporarily halted some output.

"We've helped Apple make a lot of money," Gou remarked at the meeting. "If our customers make money, then we can also make money. I most fear customers that don't make money."




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Patriot Supersonic Rage XT 128GB USB drive

USB thumb drives are getting larger by the day, their growth speeding along with the availability and expansion of memory chips. But h ...

Autodesk Smoke 2015

Since May of this year, Autodesk has been shipping the highly anticipated update to its high-end post-production video editing suite, ...

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

toggle

Most Commented