Hon Hai, parent company of Foxconn, is blaming Apple for its poor financial performance over the past two quarters. Chairman Terry Gou confirmed the Chinese company invested heavily in its manufacturing plants to keep up with Apple's demand. He said Apple devices were "very difficult" to make.
The company's profit gains were also hit hard by Foxconn wage increases, which were introduced following a rash of employee suicides and negative reports over the past few years. Gou hopes to turn things around in the last half of the year when its investment in manufacturing and lucrative Apple contracts should begin to pay off.