Popular Chinese technology news site CNBeta recently reported that Apple has given Chinese electronics maker Luxshare Precision Industry a big promotion, tapping the company for iPhone 13 Pro production. Alongside long-term partners Foxconn and Pegatron, Luxshare is a new assembler making the latest flagship models. This move by Apple is highly unusual, as it used to only allow new faces to assemble old models. It appears that Apple is expanding the diversification of its supply chain for risk management, while also gaining bargain chips in negotiations with Foxconn and Pegatron. However, Apple’s high end model iPhone 13 Pro Max remains exclusively in the hands of Foxconn. In addition to Luxshare, Lens Technology will begin to provide metal frames for the iPhone; Sunny Optical will provide iPhone lens; Goertek and Luxshare will share the manufacturing orders for AirPods 3; and BOE Technology will also supply OLED displays for the iPhone, starting this year. The stock prices of these Chinese companies have all increased significantly.
Source: CNBeta, August 4, 2021