L’iPhonethat you probably have in your pocket is not just due to Apple's success. The device, which is one of the best-selling of its generation, also owes its success to all the component manufacturers or assemblers who allow the finished product to appear on the shelves of operators or multimedia brands. This scheme, which puts companies through intermediaries rather than setting up a costly production chain,can also have defects when the supply runs out.
Despite everything, some companies manage to succeed thanks to a remarkable growth strategy. This is particularly the case ofyes, an Asian firm better known to the general public under the name Foxconn. Certainly, it has regularly made the headlines because of the deplorable working conditions in which its employees operate. But analyzing your economic situation allows you to better understand the challenges of a globalized world where everything is done so that people in developed countries can have a new high-end smartphone at their disposal in a few seconds.
Where does Foxconn's success come from?
To begin, let's take a look at the history of the group. It was founded in 1974 by Terry Gou, who has since become the richest man in his country and one of the largest fortunes on the planet with virtual assets worth several billion euros. In 2001, a first contract aimed at manufacturing motherboardsIntelannounces the color:Foxconnis fast becoming one of the leading computer parts suppliers. Especially since on the other hand, it is Asus which is losing one of its most prolific customers.
The reason for such a choice for the founder? Simply the costs. Indeed, the Hon Hai factories being based inChine, labor is cheaper, and is capable of providing a relentless pace allowing at the end of the cycle the successful holding of now global events such as Black Friday. According to local journalists, even minors would be called to work at night in order to meet the deadlines imposed by the Amazon Echo service provider. Ultimately, considerable savings are thus made.
Amazon Echo 4 at the best price Base price: €99
Record numbers in every sense of the word
On the numbers side, the trend is confirmed: Foxconn earned more than 16 billion euros last December alone, an amount probably favored byend of year celebrations. If this data seems gigantic, it is nothing compared to the turnover of the last three months communicated to investors and the press: it would reach almost52 billion, signifying an increase of more than 25% compared to the previous period. This is quite simply the company's second best quarter since its inception.
Today, New Taipei's activity is strongly marked by orders for servers and IT tools. PC processors, for their part, have become the least profitable sector among all the branches of the multinational which now has premises in India. 2020 should not change the situation:Appleis still closely linked with Hon Hai and the latter continues to see requests from new phone sellers wishing to increase their margins.
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By : Keleops AG
