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iPhone prices to increase?

Foxconn has indicated that the cost of increased wages for its suicidal employees must be shared by its international customers, including Dell, Apple and HP.

According to the Financial Times, the manufacturer did not say precisely how the costs would be shared, but said that: we are applying international standards now. The time has come for the global food chain to face these issues.”

Following a spate of suicides this year, Foxconn first said that it would be raising wages by 20 per cent, then later added that wages would be raised by 66 per cent for employees who met certain standards.

For the full story, head over to PCR.

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