iPhone assembler Foxconn is reportedly offering staff retention bonuses as it begins ramping up hiring for production of this year’s models …

Digitimes cites a local report that the bonuses on offer are to existing staff who renew their contracts for this year’s production.

Foxconn is also said to be aiming to improve its margins this year. A slight year-on-year decline in iPhone sales in Q4 of last year saw some suppliers suffering, though Foxconn still managed to grow its profits.

With Apple this year expected to offer a cheaper LCD model with a design close to that of the iPhone X, 2018 is likely to be a good year for iPhone upgrades.

Photo: WSJ