Week 8
iPhone slowdown hits Foxconn revenue
CNN News
By Ramy Inocencio
April 11, 2013
http://edition.cnn.com/2013/04/11/business/iphone-slowdown-foxconn-revenue/index.html?hpt=ibu_c2
Summary:
The parent company of Apple's biggest parts supplier, Taiwan-based Hon Hai Precision Industry, also known as Foxconn, had a 19.2% drop in revenue during the first quarter as iPhone orders slowed down faster than expected. Richard Lai, Editor-in-chief for Engadget China, says that increased competition in the smartphone market suggests an over-reliance on Apple behind Foxconn woes.
Opinion:
This is happened because of high competition in the smartphone market, especially between Samsung and Apple. Actually, Apple is having slower sales compared to Samsung. If they go along the streets now, a lot of people are purchasing a Samsung device more than an Apple device. Many people are getting bored with the iPhone look or frustrated with the iPhone's battery life. On the other hand, Samsung has been offering better battery life and bigger screens. Apple should make an innovative design or item to recover its reputation and to compete with Samsung.
Apple needs to prepare well for winning competition as well as provide well-developed services for attracting more consumers.
ReplyDeleteThe consumer's desires change continuously, and firms have to respond swiftly to their demands. Sadly, it seems that Apple was a bit...slow. GRACE
ReplyDeleteYes, but Samsung also have to concern about their innovation. These days, there are many rumors about the cheating of Samsung from LG. Competition is good to have for their growth, however, Apple and Samsung have to keep rules in Economy.
ReplyDelete