Foxconn Branching Out From Iphones Into More Expensive Devices As It Seeks To Diversify

iPhone assembler Foxconn is seeking to diversify its production lines as it says the smartphone market has become stagnant. The company currently relies on Apple for around half of its revenue, but has ambitious plans for even higher-end manufacturing …

Nikkei reports (via Engadget) that the company is aiming to make more affordable 8K cameras in association with cinematography company RED.

Engadget notes that RED cameras have been used to film things as diverse as Guardians of the Galaxy, The Hobbit, Transformers and House of Cards.

Foxconn is, though, still trying to deepen its relationship with Apple by gearing up to compete for OLED screen orders, according to a recent supply chain report.