The Goliath of consumer electronics could block their competitors with major robot purchases
By Casey Nobile
June 14, 2012
Apple is about to single-handedly make robots a fixture in consumer electronics while potentially delaying deliveries for its competitors. Robots are a natural fit for electronics as the miniaturization of consumer products calls for greater precision and speed in production, and this investment marks a revolutionary push towards the inevitable.
Foxconn’s purchase of 1 million robots rocked the boat in the consumer electronics market last year, but now it appears the majority of those robots will be owned by Apple and utilized exclusively for that company’s products. Apple has made $7.1 billion available for non-retail expenditure this year, which is a 78% increase overall.
Seeking Alpha reports that analysts in…
To continue reading, join today.