Financial troubles hitting electronics companies that aren’t named Apple are trickling down the supply chain. Foxconn International Holding, the world’s biggest maker of cellphone innards, is reporting a net loss of $226 million for the first half of this year. That’s a big slide from the $17 million loss the company reported last year, and its biggest loss since it was established in 2005, Reuters reports. FIH is a subsidiary of Foxconn Technology Group, the parent company that assembles Apple products like iPhones and iPads. FIH however is involved in the manufacture of electronics for Apple’s rivals like struggling cell phone maker Nokia.
collectionsInnovation FestivalCurrent Issue
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system.
The major tech ecosystems that battle for our attention and dollars.
What’s next for hardware, software, and services.
The brave new world of automation, from AI to drones.
How our urban centers are building toward the future.
Most Creative People
See members of our Most Creative People in Business community: leaders who are shaping the future of business in creative ways.
An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens.