30 Dec '11, 10pm

iPhone maker Foxconn getting into solar business – solar costs set for further falls

iPhone maker Foxconn getting into solar business – solar costs set for further falls

Prices for solar cells have already been reduced more than 60% in the last year, Businessweek points out, in part because of the entry of low-cost Chinese manufacturers into the industry. And Foxconn, whose size enables it to operate on razor-thin profit margins, is likely to significantly undercut rivals such as Suntech, currently China’s largest solar exporter. Bloomberg crunched the numbers and found that Foxconn’s profit margin in the last quarter, 5.6%, was less than a third that of Suntech. That’s because Foxconn’s sheer scale means it can shave prices to barely-profitable levels but still make a boatload of money.

Full article: http://cleantechnica.com/2011/12/30/iphone-maker-foxconn-...

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