Strategy in TECH...
Hon Hai Precision Industry Co., the Apple, Inc. primary supplier better know as Foxconn, has cut more than 50,000 jobs as the pain from the dramatic drop in iPhone sales is taking its toll on the company. Not only that, but the company has fallen short of hiring goals to which it previously committed to the State of Wisconsin – losing major tax credits for this year.
Worse yet, the outlook for the near future, doesn’t look to improve any time soon.
James Loudspeaker came out with multiple announcements this week that give a strong indication that the company is growing. Not only has the manufacturer of high-quality residential and commercial architectural and landscape products added a new President, but also a new Director of Marketing and even announced a new headquarters and production facility in Nevada.
New data from multiple sources are increasing economists concerns of an economic downturn within the next two years – perhaps even later this year. The latest readings on consumer confidence/sentiment and existing home sales show sharp downturns, sparking new debates on the real health of the economy.
