Foxconn hoping to Gain manufacturing Orders for the 2018 Apple Watch

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During Apple’s fiscal Q4 financial conference Apple’s CEO singled out the Apple Watch in his opening statement by saying that “With unit growth of over 50% for the third consecutive quarter, it continues to be the best selling and most loved smartwatch in the world.”

 

It’s being report today that supply chain players in Taiwan are excited about the success of the Apple Watch because it’s expected that Apple will have to begin expanding their manufacturing partners to ensure that Apple could keep up with demand and continue to innovate with new technologies and related suppliers.

 

Apple Watch’s overall shipments are expected to reach at least 25 million units in 2018 and most of the sales will be contributed by first-time buyers instead of replacement demand from users of previous-generation models, the sources estimated.

 

Upstream players including Quanta Computer, Universal Scientific Industrial (USI), Career Technology, Kinsus Interconnect Technology and E&R Engineering are expected to see increasing orders for the Apple Watch, said the sources adding that the Foxconn Group’s affiliate ShunSin Technology has also recently landed orders for providing SiP (system in package) packaging services to Apple Watch and will begin the supply in March 2018.

 

With ShunSin having entered into the supply chain of the Apple Watch, market watchers believe that Foxconn may also have interest in obtaining Apple Watch’s assembly orders.

 

10.75 Supply Chain News & Rumors
 

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