iPhone 16 Production Boosted: Foxconn Hires 50,000 Workers

iPhone 16 Production Ramps Up: Foxconn Hires 50,000 New Workers, Signaling Continued Production in China While Apple's long-term production plans remain uncertain, recent moves suggest a continued focus on China for the upcoming iPhone 16. Foxconn, Apple's primary manufacturing partner, has hired a massive 50,000 new employees to bolster its workforce in preparation for the new iPhone's release. This hiring spree, coupled with a reported 10% increase in planned iPhone 16 shipments (targeting approximately 90 million units), strongly suggests that rumors of Apple shifting production to India might be premature. Key Takeaways: Increased Production Targets: Apple aims to produce around 90 million iPhone 16 units, a 10% increase compared to previous periods. Massive Hiring Spree: Foxconn, responding to the higher production targets, has added 50,000 new workers at its "iPhone City" facility in Zhengzhou, China. Improved Wages & Bonuses: Foxconn has increased hourly wag…