AAPL Stock: 118.3 ( + 0.49 )

Printed from

Foxconn International turns to profit with more smartphones

updated 02:45 pm EDT, Thu March 22, 2012

Foxconn succeeds despite rising costs

Foxconn International reported a return to profit for 2011. Although relatively slight, its $72.8 million was a sharp reversal from a $218.3 loss the year before. Officials credited the turnaround to a broader shift towards smartphones among its broader customers, including Huawei, Motorola, Nokia, and Sony, raising the overall money it made.

"Capacity optimization" in some areas, as well as new customers, was also playing a part. The remarks were euphemisms for job cuts that had shed about 27,819 positions over the past year, bringing it to 98,868 mostly assembly line-based workers.

The results don't directly touch on Foxconn Technology, the International company's parent and the one directly responsible for mainland Chinese plants used by Apple, Dell, HP, Microsoft, and Nintendo, among others. However, the performance may help the company across the board and helps the Taiwan-based parent company maintain a decision to increase pay again for Chinese workers.

For Motorola and Sony, 2011 represented one of the last effective years of supporting basic feature phones. Nokia's shift to Windows Phone is putting more emphasis its own smartphones, and Huawei has signaled a major shift to smartphones for 2012 that includes phones like the Ascend D quad and Ascend P1 S.

by MacNN Staff



Login Here

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


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented