- Nov 10, 2017
In a blow to Foxconn, Apple is expected to hand key iPhone 16 production responsibilities to Luxshare, significantly boosting the supply chain partner's profit growth over the next two years, according to Apple analyst Ming-Chi Kuo.
In his latest Medium blog post, Kuo said Apple has already given Luxshare new product introduction (NPI) approval for next year's iPhone 16 Pro Max, which is a significant win for the supplier, given that Foxconn has consistently won the highest-end iPhone assembly NPI in previous years.
The approval followed Apple's decision to transfer some iPhone 14 Pro Max orders from Foxconn to Luxshare to diversify supply and mitigate risk, following the protests and riots that broke out in Foxconn's largest iPhone factory in Zhengzhou, China, in November 2022.
Luxshare's production yield improvement schedule for the iPhone 14 Pro Max subsequently proved better than expected, leading Apple to award NPI to the company for the 2024 model. That means Apple believes Luxshare's R&D and production capabilities have reached the level of a first-tier supplier, according to Kuo.
In a blow to Foxconn, Apple is expected to hand key iPhone 16 production responsibilities to Luxshare, significantly boosting the supply chain...