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| Via: M.I.C. Gadgets |
In spite of all the fuss made in the past about labour issues at Foxconn, Chinese job seekers are more than willing it seems to line up in the rain and pay a registration fee of approximately $24. M.I.C. for a summer job.
M.I.C Gadgets is also reporting that Apple itself may be about to become the second largest holder of Hon Hai Group stock, the Taiwanese company behind the Foxconn assembly plants as the Taiwanese company is planning to raise over US $3 billion by issuing new GDR (global depository receipt) shares.
Apple, Flush with cash, is Foxconn's largest and most profitable customer and it would seem like a natural fit for Apple to invest in the Asian company, and M.I.C Gadget is speculating that one of the major reasons on why Apple would be interested in holding direct shares in Foxconn would be to help free itself completely from Samsung who directly profits both from Apple's innovation, while also profiting from producing Apple knock off products such as its Galaxy line of tablets and phones. Foxconn and Sharp recently made a strategic deal to increase their competitiveness advantage over other companies, and in particular Samsung itself.
In conclusion, and as far as this old dog goes, I say that anything that Apple can do to punish big, bad Samsung for its flagrant ripping off of its designs, marketing and its hard fought IP is more than justified on Apple's part. For far too long Samsung, and others, have been profiting and getting away with what Jobs said was basically "stolen product", and this more-or-less proves it. If you ask me, it's about time Apple put these companies, and especially Samsung and Google, on the run!
And that's my 2 cents 4 this dreary old Wednesday, July 18, 2012
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