Foxconn To Launch Retail Stores In China
Monday, November 30, 2009; 10:40 PM
Taiwan-headquartered Foxconn, the world's largest electronics manufacturer, will launch up to 10,000 consumer electronics retail stores in China, says China Daily. Until now they have not had a significant retail brand or presence.
What will they sell? Probably some of the many products that they build for well known brands, including the iPhone, iPod, iMac, Sony Playstation, Sony Vaio notebooks, Amazon Kindle, Nokia phones and Nintendo Wii.
But part of the plan, we've heard from an independent source, will be to use the retail presence in China to win manufacturing business as well. HP, Dell and others can move more of their business to Foxconn, along with a promise to get retail presence for their electronics in the Foxconn stores in China.
Foxconn exports $55.6 billion of electronics from their factories in China, says the article, or about 3.9% of China's total exports. And that number may be lowballed. Our sources say no one outside of Foxconn even knows the real size of their exports, and that $100 billion/year or more is the street rumor in Asia.