AfterDawn: Tech news

Apple factories are running full steam but people aren't buying iPhones

Written by Matti Robinson @ 31 Mar 2020 11:52

Apple factories are running full steam but people aren't buying iPhones World's leading contract manufacturer Foxconn has been struggling to keep up with production during the past few months. Factories in China have mostly returned to business as usual, but demand is still a problem.
Foxconn's profits are undoubtedly going to sink, after all they did that already last year, after a global crisis due to COVID-19. Apple is among the largest customers, and iPhone demand determines much of the profits both Apple and Foxconn can make.

An economic downturn affects nearly every industry in the same fashion. When people don't have excess money, a thousand dollar smartphone is much harder sell.

Apple has made up to 18 percent less orders to Foxconn in early 2020 compared to last year, Reuters reports. The sources also claim that Apple might be slowing down the production of upcoming 5G capable iPhone, although release could still be on schedule.



The demand for new iPhones is currently not there, and apparently Apple estimates that it won't be still there in time for the new iPhone, due in September.

COVID-19 is still running rampant in most of the world, and in many places still going to ramp up. It is unclear how long the economic woes will shrink the demand.

Previous Next  
Comments have been disabled for this article.

Latest news

Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments
How to Enable Bluetooth on Stadia Controller How to Enable Bluetooth on Stadia Controller (11 Feb 2023 1:04)
Google shut down its streaming game service Stadia late last month and this means that some people have Stadia controllers lying around that seem to be of no use. That is fortunately not the ....
2 user comments
Guide: How to Kick Unwanted Guests from Your Netflix Account Guide: How to Kick Unwanted Guests from Your Netflix Account (26 Jan 2023 2:14)
Sharing a Netflix account with a person in a different location is possible and indeed very common, although the company doesn't necessarily enjoy this behavior from their customers. However, ....
2 user comments

News archive