Luxshare iPhone factory purchase is bad news for Foxconn, Pegatron

By news@appleinsider.com (Malcolm Owen) The sale of an iPhone factory owned by Wistron to Luxshare may be a long-term problem for rival Apple supply chain partners Hon Hai and Pegatron, JP Morgan reckons, with the purchase likely to help Wistron increase its involvement in iPhone production further.Apple CEO Tim Cook visiting a Luxshare factory producing AirPods in 2017On Friday, the board of directors for Wistron agreed to the sale of its …

Source:: Apple Insider