Reuters: Technology News: Foxconn's Gou says tough to cope with iPhone demand

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Foxconn's Gou says tough to cope with iPhone demand Nov 7th 2012, 11:25 Tweet Share this Email Print Related News Foxconn International surges 35 percent as Citi report lifts iPhone hopes Sun, Nov 4 2012 Apple iPad mini draws New Yorkers; crowds thin elsewhere Fri, Nov 2 2012 UPDATE 2-Hon Hai shares rise after strong Q3 profit Tue, Oct 30 2012 Samsung posts $7.4 billion profit, handsets mask weak chips Fri, Oct 26 2012 Federal agency to switch to iPhone, drop BlackBerry Mon, Oct 22 2012 Analysis & Opinion How Apple botched its fair rate case against Motorola Apple means (almost) never having to say sorry Workers walk out of the entrance to a Foxconn factory in Chengdu, Sichuan province July 4, 2012. Credit: Reuters/Stringer TAIPEI | Wed Nov 7, 2012 6:25am EST TAIPEI (Reuters) - Taiwan's Foxconn Technology Group said on Wednesday the company's flagship Hon Hai unit is finding it difficult to cope with the massive demand for Apple Inc's iPhones. "It's not easy to make the iPhones. We are falling short of meeting the huge demand," Foxconn Chairman Terry Gou told reporters after a business forum. However, he declined to comment on brokerage reports saying that the group's other unit, Foxconn International Holdings (FIH), had taken on some production. Hon Hai Precision Industry, the main listed entity of the parent Foxconn Technology Group, is the key assembler of Apple's iPhones. The group also owns FIH, which traditionally assembles non-Apple products, such as phones from Nokia Oyj and Huawei Technologies Co Ltd. Shares of Foxconn International Holdings Ltd (FIH), the world's biggest contract maker of cellphones, surged as much as 35 percent on Monday after Citigroup upgraded the stock to a 'buy' and said it expected the firm to start assembling iPhones this year. Shares of FIH fell 5.7 percent in Hong Kong on Wednesday, while Hon Hai was up 0.6 percent in Taipei. (Reporting by Clare Jim and Lee Chyen yee; Editing by Anne Marie Roantree) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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