Foxconn, other Asian suppliers ramp up preparations for iPhone 8

Key suppliers of Apple in Asia are poised to ratchet up preparations for the next version of the iPhone, with Taiwanese contract manufacturer Hon Hai Precision Industry expected to handle the most challenging and expensive model to assemble, according to analysts.

“While Apple has diversified its supply chain over the last few years, Hon Hai remains responsible for assembling the newest and most expensive model due to its long experience in the business and ability to ramp up production better than other electronics manufacturing services providers,” said J P Morgan Asia technology analyst Gokul Hariharan.