Foxconn stops Apple

Foxconn splitting with Apple?

Foxconn  Apple’s longtime collaborator that manufactures Apple’s iPhones and iPads, and Apple  might break up their business arrangement in the near future. Both companies have been looking for other business partners, and Foxconn is striving to develop its own brand instead of remaining solely a manufacturer.

Foxconn played a key part in Apple and iPhone’s success — the iPhone would have certainly been priced higher if Foxconn was not its manufacturer, according to Sohu News. But it was Foxconn that took the heat when its inhumane work conditions became exposed. In addition, Terry Gou, Foxconn’s founder, has long harbored ambitions beyond being Apple’s workshop.

“Foxconn senses Apple’s best time has come and gone,” said Jamie Wang, an analyst at the research firm Gartner. “They need business outside Apple to ensure Foxconn’s own growth and development.” The Taiwan-based electronic manufacturer is already on the move: It’s now shifting focus to developing and designing its own LCD TVs.

Many years ago, the same story happened with another Apple manufacturer — it began to develop its own products to realize a higher profit margin. That company is Samsung.