Major indices finish lower amid GE earnings disappointment >>> READ MORE

AAPL News: Apple Suppliers Ramp up for iPhone 6

Some 100,000 new hires expected


Apple (AAPL) suppliers are ramping up production in anticipation of a hugely popular iPhone 6 release.

Apple iPhone 6 leak

Taiwanese media are reporting that some 100,000 workers are being hired to produce the next generation iPhone.

That’s an increase of 10% in the workforce.

The hirings — by Foxconn Technology Co, a primary partner of Apple — are expected to be the biggest job creation boom in maintain China in recent years.

Via International Business Times:

While the company is rumored to be responsible for the majority of the iPhone 6 orders, some reports also say that Foxconn would handle the complete production of a new iPhone model with a 5.5-inch display, AppleInsider reported. However, the report from the Economic Daily News said that Foxconn would produce 70 percent of the iPhone 6 units, while the remaining 30 percent would be handled by Pegatron, which reportedly made a similar hiring surge last year by increasing its workforce by 40 percent to manufacture the iPhone 5c.

In addition to the hires, Foxconn will expand two production facilities.

The reasons for the increase is that Apple is expecting the demand for the iPhone 6 to be significant.

AAPL is up 13% year to date.

More Apple (AAPL) News

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC