Terry Gou has few things to complain about, as shares of Foxconn International Holdings Ltd. surged 35 percent on Monday after Citigroup upgraded its stock to “buy.” However, Apple’s iPhone 5 is posing some problems for the company.
“It's not easy to make the iPhones. We are falling short of meeting the huge demand,” Foxconn Chairman Terry Gou told reporters at a business forum in Taipei, the capital of the Republic of China, according to Reuters.
There’s more. According to phonearena.com, in addition to Hon Hai Precision Industry (the main iPhone manufacturer), another Foxconn company is also assembling Apple’s smartphones now.
Apple is still facing supply shortages at its International stores, citing a 3-4-week timeframe for delivery. Foxconn has complained about the iPhone 5 in the past, saying the handset was extremely hard to manufacture without damaging its aluminum enclosure.