Foxconn unit to get boost from Xiaomi’s Mi Note

Foxconn unit to get boost from Xiaomi’s Mi Note

23 JAN 2015

Taiwan’s Foxconn is positioned to benefit significantly from Xiaomi’s launch of its high-spec Mi Note as the contract manufacturer’s subsidiary is likely to assemble half the shipments of the premium ‘phablet’.

Morgan Stanley analyst Jasmine Lu forecasts that mass production of the 5.7-inch Mi Note, which was announced earlier in the month, will begin in a month or two and 8-10 million units will ship over its life-cycle, the Taipei Times said.

Foxconn’s FIH Mobile unit is expected to assemble 50 per cent of the shipments as well as supply the casings, which have a higher average selling price than most of Xiaomi’s models, Lu said in a research note.

She said if FIH Mobile handles that volume of shipments, Xiaomi will account for 45 per cent of its gross profits this year and about 13 per cent of its revenue, the Times said.


Joseph Waring

Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he...

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