Foxconn’s hiring plans could signal turnaround in Apple iPhone demand


Just the other day, we told you that Apple iPhone assembler Foxconn had cut 50,000 seasonal employees. The breadth of the layoffs wasn’t a surprise; every year Foxconn furloughs the same number of workers to meet seasonal production needs. However, with Foxconn starting the process earlier than normal in October, the timing suggested that that the contract manufacturer was feeling the heat from the cuts in iPhone orders that Apple reportedly made.
Demand for the iPhone has slumped with consumers calling out the new 2018 models for their high pricing and lack of innovation. …

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