IPhone 16 production

In anticipation of the iPhone 16 launch, Foxconn has initiated a substantial hiring campaign, adding 50,000 workers at its Zhengzhou factory to meet the expected surge in demand. The company is offering a starting bonus of $1,050 and has increased hourly wages to prevent employee turnover, with bonuses potentially rising to $1,116 if staffing shortages persist. Apple aims to sell 90 million units of the iPhone 16 in 2024, a 10% increase from last year's iPhone 15, necessitating round-the-clock operations at Foxconn to maintain supply. The mass recruitment aligns with Foxconn's historical practices prior to major iPhone releases, with the peak hiring season typically occurring from July to August. Despite ongoing efforts to diversify production to countries like India, the majority of high-end iPhone production remains in China due to its established supply chain.