February 22, 2013 at 16:00 PM EST
Foxconn Is Failing -- and You're About to Pay More for Your iPhone
They make almost every PC tablet and smartphone that comes to market. You won’t find their names printed on the box or their logos displayed in television advertisements but this group of Taiwanese manufacturers is the pumping heart of the tech industry. They operate in China and by leveraging that country’s low costs in a way that few Western companies are able – or allowed – to do they’ve made possible the great wave of inexpensive consumer devices that has revolutionized tech. They’re called Original Design Manufacturers and they’re in trouble. These firms saw their margins tumble during the ...
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