14 DAY TRIAL // After the NYT ran a story about Foxconn trying to diminish its reliance on Apple, DigiTimes now reports that the Chinese conglomerate is shifting iPhone orders to a subsidiary.
The Taiwanese trade publication cites the usual industry sources as saying that, “Foxconn Electronics plans to switch the iPhone orders it received from Apple to its handset subsidiary Foxconn International Holdings (FIH).”
The reason stated in the report has to do with FIH operating at a loss in recent years, due to poor orders from the likes of Nokia and Motorola Mobility.
The move is also subject to Apple’s approval, so it’s not exactly said and done at the moment, but it will most likely be in the near future.
The sources added that “the switch in orders will allow Foxconn to streamline as well as optimize its operations within the group,” according to the report.
Yep, sounds pretty much in line with what the NY Times had to say.