Do you know who Foxconn is? Maybe you do and I’ve been living under a rock, but up until today, I had never heard of them.
If you are an American, you have a 41.9 percent chance of having bought something from Foxconn.
If you are from anywhere else in the world, you have a 33 percent chance of having bought a product from them.
Unlikely, you might say. You always pay attention to the things you buy and who they’re from.
What is the number 41.9 percent? Why is that the odds? Well, I should be more specific. Those are the odds if you have a cell phone. Because 41.9 percent of people in America who own a phone own an iPhone, and iPhone is made by Foxconn.
Foxconn is an electronics contract manufacturing company based out of Taiwan. And they make iPhones and then sell them to Apple to distribute to the stores around the world. I won’t pretend to know the ins and outs of it and how much they make, but from my understanding, Foxconn makes the entire iPhone and then sells it to Apple after they are done. The iPhone has parts from over 200 different suppliers.
But all anyone ever sees is the big Apple on the phone. This company you may not have ever heard of is behind what almost 50 percent of the US population that owns a phone has on them right now.
There’s not a challenge or action item to this post, simply just amazement at how oblivious we can be at times to the things happening within business.
And to answer the last part of my question in the post, “Should You Care?”
If you want to care, go for it. Now you have the info. If you don’t, honestly, who really cares. No one is going to sue you.