Foxconn is China’s largest private sector employer.
There are all kinds of reasons this could be happening.
Wow! Apple is cutting orders for the iPhone 5! That is pretty big news. The iPhone makes up most of Apple’s revenue, and if they are cutting down on orders, that isn’t good news for them. So why the reduction of orders? Let’s look at what Business Insider says:
Apple might be gearing up to build a new version of the iPhone. They have already been plenty of leaks about hte [sic] iPhone 5S.
Amazing! An actual reasonable idea from Business Insider. I give them credit for that. That is great analytical thinking (note: actual great analytical thinking not included). Actually, a horse could have come up with that. DUH. It might not even be true, but still, DUH. This happens every single year.
Apple could be switching manufacturers.
That would be unlikely, seeing as there have been no rumors (and, no offense Business Insider, but you don’t usually break stories and when you do, they seem to be false), I doubt this is true. Also, a huge shift like that would be unlikely seeing how much Apple has invested into Foxconn to improve the working conditions. And the last reason?
Apple could be screwed, dealing with a saturated smartphone market.
That’s the Business Insider I know and love! Really? Just, really? 47 million not enough for you? It’s more than any one Samsung, HTC, Nokia, or Motorola Phone. I do not think Apple has anything to worry about at this point in time. But no, they are screwed. DOOMED. Again. Again.