Despite having strong performance thanks to iPhone sales, Foxconn Electronics (Hon Hai Precision Industry) has been aggressively helping its China-based smartphone clients such as Xiaomi, Meitu, Oppo and Meizu boost their sales and is looking to increase the revenue contribution from non-Apple players, according to sources from the upstream supply chain.
Since most of these vendors are mainly selling their smartphones domestically, helping them to sell their products to non-China markets has become a new business direction that Foxconn is looking to expand in the future, the sources noted.
If the China-based vendors are able to expand into overseas markets, the move would help Foxconn reduce its reliance on Apple's orders. |