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Apple Suppliers Facing Growing Pressure from Apple to Cut Costs

Apple Suppliers Facing Growing Pressure from Apple to Cut Costs

Apple suppliers Foxconn, Megatron, Samsung, and others are reported to be facing increasing pressure from the Cupertino firm to cut costs. A Digitimes report claims Apple is even bringing other suppliers into the mix in order to drive down pricing.

Apple Suppliers Facing Growing Pressure from Apple to Cut Costs
Apple CEO Tim Cook, seen during a visit to a Foxconn factory.

9to5Mac:

It was recently reported that Sharp was gearing up to compete with Samsung and LG for the OLED displays Apple is expected to use for future iPhones.

The report indicates Largan is facing competition from Japn-based camera module maker Kantatsu, while Foxconn and Megatron are adding new ODM partners for the production of the iPhone.

Business Insider reports chipmaker Imagination Technologieshas just posted a £61.5M ($81M) on a turnover of £120M ($158M).

CEO Andrew Heath said that the company has “taken the necessary action to put Imagination back onto a sound financial footing … restructuring has required a number of difficult decisions. I am focused on swiftly and decisively restructuring Imagination to put us back on a sound financial footing.”

The company, partially owned by Apple, also owns the Pure brand of digital radios, and is currently looking to sell that business as it seeks a return to profitability. Heath said that the sale of Pure was “attracting considerable interest.”

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