Most Viewed Content:

Huawei Enjoy 70z phone released with 6000mAh large battery

Huawei Enjoy 70z phone started pre-sale today, equipped with...

Vivo X Fold 3 Pro passed 3C certification, with 120W fast charging

A Vivo phone model V2337A recently passed the domestic...

Motorola Edge 50 Pro exposed with 50W wireless / 125W wired fast charging

According to foreign technology media 91Mobile, the Motorola Edge...

Luxshare Precision has won a big order from Apple to produce iPhone 14 Pro Max in China

According to multiple people familiar with the matter, Chinese contract manufacturer Luxshare Precision won a large order from Apple to produce high-end iPhone models in China. Luxshare Precision is the main competitor of Foxconn and Pegatron in mainland China.

Since November, Luxshare has been producing a small number of iPhone 14 Pro Max units at its Kunshan factory, northwest of Shanghai, to make up for lost production at Foxconn, two people with direct knowledge of the situation said.

Luxshare Precision is winning more and more business orders from Apple. Previously, the new iPhone Pro was always produced by Foxconn, and now Luxshare Precision has proved that it can independently assemble Apple’s complex equipment.

Apple’s relationship with Chinese manufacturers has grown closer in recent years. AirPods, Macbook assemblers GoerTek and Wingtech have all benefited, while Foxconn has sought to reduce its reliance on China by building factories in India, Vietnam and the United States.

The Foxconn shutdown has created a shortage of iPhones and threatened to snap Apple’s 14 consecutive quarters of revenue growth. Foxconn said this week that the Zhengzhou plant had ramped up production capacity, and had completed 90 percent of its original target in December.

“Foxconn has no bargaining power. Winning the high-end iPhone order is a testament to Luxshare’s precision capabilities to serve a more diverse set of customers,” said Ivan Lam, an analyst at Counterpoint.

Foxconn and Pegatron declined to comment. Apple and Luxshare did not respond to requests for comment.

Apple has been working hard to diversify its supply chain and is no longer completely dependent on Foxconn. But even veteran assemblers who currently make basic iPhones are having a hard time making the latest high-end iPhones.

Luxshare was able to produce high-end iPhones this year thanks to Apple’s heavy investment, employees and experts said. “With Apple’s investment, including increased supply chain management staff, it took Luxshare Precision just a few months to deliver the initial order,” said an Apple employee, who said Foxconn usually takes six months to revamp the production line for the new iPhone models.

Eddie Han, an analyst at market research firm Isaiah Research, said that Apple’s heavy investment in Luxshare Precision is crucial to the mass production of the Pro models.

Founded by former Foxconn employees, Luxshare has been expanding its influence in Apple’s supply chain over the years. The company assembles Apple products such as the AirPods but has never previously won an order for a high-end iPhone model.

Luxshare’s annual revenue has soared from less than $2 billion in 2016 to $24 billion in 2021, and Apple has become the company’s biggest partner. Luxshare’s profit margin fell from 8.6% to 5.1% during that period, suggesting that competition for Apple contracts has become increasingly fierce.

Dragged down by the plunge in global technology stocks, Luxshare Precision’s share price has fallen by 44% in the past year. Foxconn shares fell 22%.

Latest

Elon Musk: Roadster accelerates from 0-96km/h in less than 1 second

In November 2017, Tesla’s new Roadster was officially released....

Samsung Galaxy A55 5G expected to be released on March 1st with Exynos 1480 chip

Winfuture today announced the specifications of the Samsung Galaxy...

New Audi A7L model will be launched on March 1st, starting from 418,700 RMB

SAIC’s new A7L model will be launched on March...

Realme RMX3993 phone network details released, 720p screen

A Realme phone model RMX3993 released the network access...

Newsletter

Don't miss

Elon Musk: Roadster accelerates from 0-96km/h in less than 1 second

In November 2017, Tesla’s new Roadster was officially released....

Samsung Galaxy A55 5G expected to be released on March 1st with Exynos 1480 chip

Winfuture today announced the specifications of the Samsung Galaxy...

New Audi A7L model will be launched on March 1st, starting from 418,700 RMB

SAIC’s new A7L model will be launched on March...

Realme RMX3993 phone network details released, 720p screen

A Realme phone model RMX3993 released the network access...

Nubia releases Neo 2 5G with sci-fi style appearance, priced from $199

Nubia launched a Neo 2 5G phone at MWC...
Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
Threza Gabriel is a news writer at TechGoing. TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.

New Infiniti QX80 to officially launch on March 20th

We learned recently that the new Infiniti QX80 will be officially released on March 20. As the brand's flagship product, the new car will...

iQOO Z9 series phone parameters exposed, with up to 6000mAh battery

Blogger @digitalchatstation exposed the basic parameters of the iQOO Z9 series of phones. The entire series focuses on long battery life, and claimed that...

Real photos of Meizu 21 Pro exposed, priced more than 5000 RMB

Li Nan, former senior vice president of Meizu, released real-life photos of Meizu 21 Pro today, revealing that it was originally planned to be...