Apple upgrade plan to benefit Hon Hai

CONSUMER MARKET:Apple Inc’s plan to implement a 12-month smartphone handset upgrade could improve Hon Hai’s business prospects, as it is the main handset assembler

Taipei Times
Date: Sep 29, 2015
By: Lauly Li  /  Staff reporter

Apple Inc’s iPhone installment plan in the could shorten the iPhone replacement cycle and expand its second-hand market, which would benefit its main assembler, Hon Hai Precision Industry Co (鴻海精密), in the long term, as it also runs Apple’s iPhone trade-in scheme in China, analysts said.

The US company on Sept. 9 announced a new iPhone installment program for iPhone users keen to renew their iPhone every year.

The monthly payment plan — the lowest price starting at US$32 per month — allows Apple’s customers to buy a new iPhone every 12 months without having to enter a two-year binding contract with US telecom operators.     [FULL  STORY]

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