Foxconn Is Ramping Up For The New iPhone

Posted Apr 15, 2013

Foxconn, the manufacturing company that builds iPhones and iPads, is starting to ramp up their employee count.  The ramp-up is in anticipation of the next-generation iPhone according to Bloomberg and the Wall Street Journal.

According to Bloomberg sources, Apple requested Foxconn to hire more workers in order to handle the demand for the new iPhone model along with the existing models.  Foxconn implemented a hiring free as of this past February, which was believed to be due to a slower demand for Apple’s new products.

However Foxconn said that this was due to employees returning to work after the holidays than usual.  Foxconn (also known as Hon Hai Precision Technology) recently reported that their revenue dropped almost 20% in the March quarter from the same period a year ago.  Analysts believe that the drop in revenue was due to the slow demand for the iPhone 5.