Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Foxconn cannot meet demand for iPhone 5

08 November 2012, 11:36

Taipei - Taiwan's Foxconn has admitted that it cannot meet strong demand for Apple's new iPhone 5 due to difficulties in building the gadget, amid concerns over the US giant's future earnings.

"We can't really fulfill Apple's requests. Our shipments are insufficient... given the huge market demand," Foxconn chairperson Terry Gou told reporters late on Wednesday.

He added that the design of iPhone 5, of which five million were sold over its launch weekend in September, has made the production difficult but did not elaborate.

He declined to say whether Foxconn plans to outsource some of the iPhone orders to other makers.

The iPhone has been a huge driver of Apple's phenomenal profits, along with the iPad, both of which are made by Foxconn, as other products by other firms such as Nokia, Intel and Sony.

Peter Oppenheimer, Apple's Chief Financial Officer, said on October 25 that demand for the iPhone 5 continued to outstrip supply, but it was working hard to catch up.

A lack of supply of the phones has hurt Apple's shares in recent weeks owing to concerns it may not be able to meet demand in the near future, which would in turn hit earnings.

Last month Apple said net profit in the July-September quarter climbed to $8.2bn thanks to a 58% jump in sales of its phones and a 26% rise in tablet sales.


- Finance24


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...