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Tuesday, December 1, 2009

Who is Foxconn

Today it is announced that Foxconn will set up up to 10,000 retail stores in China. Foxconn is not a famous brand like Nokia, LG, Samsung, and RIM (yet). But its manufactured products are very famous, which include iphone, ipod, Kindle, Playstation, and Wii. Foxconn is the largest OEM manufacturer in communication, computer and consumer product. Foxconn was founded in Taiwan in 1974 and currently have most factories in mainland China (Shenzhen, Gudong province).

It is amazing that Foxconn export $55.6 billion of electronics, or 3.9% of China total export in 2008 according to China Daily. However, the profit margin is very low. For example, second-half profits in 2007 declined 4.5 percent to $397.4 million. The profit in 2008 and 2009 is worse because of economic crisis.

It is worth mentioning that there is another Taiwan manufacturer HTC produce both both OEM and own brand, e.g. the first Android smart phone HTC Dream, and later HTC Hero.

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