Apple manufacturing partner Foxconn is planning to expand its operations next year by increasing production of iPhones to meet rising consumer demand. The $1.1 billion expansion, expected to bring $20 billion in sales revenue in 2012, would position the factory as the largest smartphone production facility in the world.
Foxconn's Science Park in Zhengzhou that opened earlier this year, is where the company plans to double the size of its workforce by recruiting an additional 100,000 employees which is the same number hired in 2011. Apple’s primary iPhone manufacturer will be increasing its current production lines to 95 according to a report from China Daily.
Foxconn's Zhengzhou plant currently churns out 200,000 iPhones per day with 130,000 workers, according to reports. The workforce expansion will increase daily production of iPhones to 400,000 and should reduce wait times for the device which sold out rapidly when it launched in 22 countries earlier this year.
It appears that the increased production efforts are being initiated ahead of the highly anticipated launch of iPhone 5 expected sometime next year.