Vizio May Cooperate With Foxconn For Smartphone Production Targeting China ConsumersFebruary 11, 2013 | Print | Comments | Category: Gadgets & Electronics, Telecom & Wireless
Taiwanese OEM Foxconn may produce the first smartphone product for Vizio, an American LCD HDTV provider, in 2013.
According to reports in Taiwanese local media, the development of this new product will expand the cooperation between Foxconn and Vizio, and the new product is expected to launch in the Chinese market in 2013. Fujiconn, a subsidiary of Foxconn, will be responsible for the production of the smartphone. Prior to this, Vizio cooperated with Foxconn in the launch of 60-inch and 70-inch large TVs in the U.S. in November and December 2012, respectively.
In 2012, Vizio achieved operating revenue of NTD75 billion, which was about USD2.54 billion. The company plans to increase its TV shipments to seven million units in 2013. Vizio said that Vizio's cooperation with Foxconn has been successful and they worked together to turn large-screen TVs from concept to reality in only three months.
At present, Vizio has over 60% share of the above 60-inch TV market in North America. It predicted that its TV shipments in 2013 will be over seven million units and its operating revenue will reach over NTD100 billion. Meanwhile, Foxconn predicted that its total operating revenue will be NTD4 trillion in 2013.
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