This year from the company Apple A significant update to the smartphone line is expected in the form of the release of the "anniversary" iPhone 8/X, which is predicted to have a number of revolutionary and completely new features. The expectation was also reflected in the share prices of Foxconn, one of the main suppliers Applu. Stock prices are at their highest in a decade.
It has been confirmed more than once that the success of the company Apple They also affect many other companies, and the case of Foxconn's share price rise is no exception. According to the latest report by the agency Bloomberg Foxconn has seen a record increase in its share price. This is mainly due to high expectations associated with the arrival of the upcoming iPhone 8. Foxconn is a major supplier for iPhone od Applu and its goals are heavily dependent on the production of these devices. Last year, Foxconn saw a 29% increase, the highest figure in a decade.
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AppThe company owes half of its total revenue to the company, so it's clear that the Cupertino company played a key role in the rise in share prices. This month, in addition Apple confirmed that iPhone sales for the holiday quarter last year were greater than generally expected. On iPhone 7, introduced last September, although few existing owners of the previous model switched, it attracted a relatively large number of new customers.
However, Foxconn had to deal with the same problems as part of the "slowdown" of the industry AppleBut analysts believe that iPhone 8 will help bring Foxconn back into the game. Expectations for the new model include innovations such as a completely new design or new display technology, but there is also talk of biometric features such as facial recognition. The new iPhone should be presented to the public this fall, but there is speculation about an earlier presentation, because there have been recent reports of an early start of production.
Source: 9to5Mac.com
