As Apple Profits Slip, Foxconn Looks To Produce its Own Branded Accesories

According to a report from the Wall Street Journal, Foxconn is looking to produce its own branded accessories for Apple products such as the iPad and iPhone.

Foxconn, a component manufacturing company that supplies companies such as Apple and Samsung with components for its devices has seen a decrease in its revenue, with a 19 percent drop reported in the first quarter of 2013. Foxconn is believed to receive almost 50 percent of its revenue from Apple, and the decrease in profits is being blamed on Apple’s lack of new devices being released this year. To make up for the dip in profits, Foxconn is interested in selling products such as cables, headphones and keyboards compatible with Apple products, bearing the company’s branding. This move could prove fatal to other accessory manufacturers, as Foxconn could provide its products at a significantly lower price than its competitors.

The move shows an ambitious attempt by Foxconn to increase products, as new Apple products are not expected to be released until later this year. Apple is expected to unveil new MacBook models at this year’s WWDC conference on June 10th. The new MacBooks could create a small upswing in Foxconn’s profits, but nothing as huge as the iPad and iPhone, which garner the most profits.

[Via: Apple Insider]

  • elder Signin

    OK, let me try this again. Poorly running site. Why does the title indicate that its Apple’s profits that are falling rather than Foxconn’s profits???
    Does it have to bleed to lead???

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