- Inventec (OTC:IVCJF) subsidiary Inventec Appliances says it will start shipping Apple’s (NASDAQ:AAPL) HomePod smart speaker late this year, which matches Apple’s December launch date.
- Fubon Securities analyst Arthur Liao predicts Inventec will ship 500K units of HomePod in 2017 and that the late-launching device will contribute less than 1% of the company’s revenues.
- Next year, the company will have to split HomePod orders with Hon Hai Precision Industry (OTCPK:HNHAF, OTCPK:HNHAY), or Foxconn, likely due to Apple’s dislike for relying on one supplier.
- Digitimes reports that Foxconn’s July consolidated revenues were $10.62B, down slightly sequentially but up 7.53% on the year.
- Foxconn’s revenues are expected to increase this month and peak in Q4 with those growths tied to the upcoming iPhone launch.
- Previously: CNBC says Wisconsin could decline Foxconn plant (Aug. 9)
- Now read: Apple's Self-Driving Car: Nothing To See Here
Original article