Bloomberg News is reporting that Foxconn — the Taiwanese electronics company that builds Apple’s iPhones, among many other products — is starting an incubator for wearable products.
Reporter Tim Culpan reminds viewers that Foxconn is a 40-year-old company that needs to look at the next horizon of tech, and that it needs to build its internal expertise for when clients come calling. From the Bloomberg transcript of the video:
What they are trying to do is anticipate what their clients need, so when a company like Apple or Google or Microsoft comes to them and says, we want to develop this — They do have their offices in Cupertino, but Apple does develop a lot of their own technologies, but they work very closely with their manufacturing partners, such as Foxconn, to figure out how to bring it to market and mass market, and that is one of the key things, mass production, so it Foxconn is trying to anticipate the needs, and they can actually fulfill them.