Foxconn told investors in a private conference call at Goldman Sachs that it was ready for the rumored fall release date for the 5G iPhone 12. The manufacturer continues to insist that Apple’s “iPhone 12” will not be delayed. In late March, they said publicly that Apple had not asked them to delay production.
Earlier reports said Apple was considering the delay in part because it could not complete preparations for the iPhone 12 prototype by March. However, analyst Gene Munster cautions investors that a new iPhone will be designed and manufactured for three to four years, rather than a short one.
Due to supply chain shortages and travel restrictions caused by the ongoing coronavirus pandemic, there are widespread doubts about whether the upcoming iPhone product line will be announced in the fall. But Foxconn has begun to reassure investors that it will be able to meet the rumoured fall release deadline for the 5G “iPhone 12”.
Alex Yang, Foxconn’s head of investor relations, told investors that Hon Hai Precision Industries, which makes most of the world’s iPhones, told investors that honhai Precision Industries, which makes most of the world’s iPhones, reported early Tuesday. Co.) is on time, the news came during a private conference call at Goldman Sachs.
Apple’s orders, which reportedly account for about half of Foxconn’s revenue, say it is now back to full production, in part by increasing the signing bonus for new hires.
Foxconn had expected significant increases and falls in profits, particularly when Apple’s iPhone X was launched, and had forecast a decline in performance in 2019, so much so that they had taken drastic cost savings. The coronavirus then had a direct impact on the company, which expects its biggest revenue decline in seven years.