El Cinco machines fired up and pumping out units
(We call the imminent iPhone 5 “El Cinco” around these parts because it enhances the air of mystery surrounding the product). All Things D reports that Foxconn, the manufacturing company that actually builds iPhones for Apple, is producing 150,000 El Cincos per day as the expected October launch approaches. Current estimates put 4th quarter iPhone 5 sales at around 22 million units although that could shoot way up if, as is widely rumored, Sprint gets the iPhone as well. It could rapidly become a question of whether supply can keep up with demand. And if that’s an issue, life will likely become a lot worse for overextended Foxconn workers, who will work longer hours in conditions that have already been widely complained about among human rights organizations. So good news for Apple, good news for Sprint, good news for gadget fans, terrible news for Chinese workers.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Donate now to get almost any thank-you gift.