Pegatron to Increase Workforce By Up To 40% Ahead of Low Cost iPhone?

Pegatron to Increase Workforce By Up To 40% Ahead of Low Cost iPhone?

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Pegatron is preparing to increase its workforce by up to 40% in the second half of 2013 ahead of a low cost iPhone from Apple, according to Reuters. The company employs about 100,000 people.

Suppliers have told Reuters that Apple is developing a cheaper model of the phone, broadening its sales base to lower-income buyers in growth markets such as China and India. A supplier source in Japan said small-scale production of the display panel for the model would begin in May, ramping up to mass production in June.

Reuters says that Apple is expected to launch the low cost iPhone in the third quarter of 2013. Notably, Pegatron President and Chief Executive Officer Jason Cheng said that revenue from communications products would amount for 40% of total revenue in the second half of the year compared to 24% in the first quarter.

"Making the cheaper iPhone will further help Pegatron's operating margin because its plastic casing is easier to make than iPhone 5's metal casing; this should ensure a good yield rate," said Fubon Securities analyst Arthur Liao.

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Pegatron to Increase Workforce By Up To 40% Ahead of Low Cost iPhone?
Lopi - May 9, 2013 at 1:54pm
This is probably due to that weake demand for ipad minis reported yesterday by Bloomberg lol
Let's do the math... - May 9, 2013 at 11:55am
So they're saying that it'll take FORTY THOUSAND people to make the cheap iPhone?!? 40% increase of the current 100,000 employees = 40,000. Yeah, right! Does anybody think about what they're typing before the post these ridiculous things?
a - May 9, 2013 at 10:42am
Pegatron to Increase Workforce By Up To 40% Ahead of Low Cost iPhone?
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