Foxconn reportedly struggling to meet huge iPhone demand

The world’s top consumer electronics companies today are spending billions of dollars in R&D to come up with the “next big thing.” But in the end, it’s all about profitability and sales. Cupertino-based Apple is doing very good so far. They’ve created wonderful products lately, and they’ve done a pretty good job of selling their products as well. This puts a huge strain on the backs of the original device manufacturers since they are the ones who will ensure that the supplies are enough to meet the demand. Foxconn, for example, is reportedly finding it hard to keep up with the huge iPhone demand in the market.

“It’s not easy to make the iPhones. We are falling short of meeting the huge demand,” Foxconn Chairman Terry Gou told Reuters this week. Hon Hai Precision Industry, popularly known as Foxconn, is the world’s largest maker of electronic components. The company has been deeply involved in manufacturing many of Apple’s key products. When asked about the brokerage reports of its other multinational subsidiary, Foxconn International Holdings (FIH), Gou declined to comment. When the iPhone 5 launched in September this year, it garnered a whopping number of 2 million pre-orders within 24 hours after the launch.