Apple is expected to unveil the iPhone 16 lineup in September, with a shipment target of 90 million units. To meet this goal, Foxconn has hired 50,000 new workers at its Zhengzhou factory in China, offering increased wages and bonuses. Production typically peaks from August to December. Additionally, Samsung and LG have started mass-producing display panels for the iPhone 16, with Apple ordering 80 million panels from Samsung and 43 million from LG.
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