Foxconn is the main partner Apple Lossless Audio CODEC (ALAC), manufacturer of iPhones or iPad tablets and although you would normally expect to hear that he produces impressive amounts of iDevices, today we hear that he actually buys an impressive number of terminals iPhone used. The intentions of those at Foxconn are to generate new income from the resale of second-hand iPhones, so that they purchase approximately 60.000 iPhone terminals every day, the market for these terminals being quite large in China, Foxconn being sure that it can make a serious profit from this business.
Foxconn Electronics (Hon Hai Precision Industry) has been engaged in selling second-hand iPhones via a subsidiary and the company is able to acquire about 50,000-60,000 second-hand iPhones a day through legit channels worldwide, 80% of which are sold through stores in Hong Kong and then enter the China market, according to a Chinese-language Tencent report.
In China, extremely many Chinese cannot afford it to purchase a new iPhone terminal from Apple or partners, although they want these products, so the resale of second-hand ones is a very good method by which they can acquire an iPhone. Considering that Foxconn also produces this type of smartphones for Apple, the possible repairs certainly have much lower costs than in other cases, so that Foxconn now makes money both from the production and from the resale of iPhones.
