With Apple’s growth slowing, Foxconn looks to build its own devices

While it’s too soon to tell whether Foxconn will try to become the next Samsung, the company is certainly looking to diversify its product portfolio in order to lessen its dependence on Apple. Unnamed sources tell The Wall Street Journal that Foxconn “is moving aggressively to add new clients and is looking at ways to diversify beyond contract manufacturing,” including “reviewing plans to sell its own brand of electronics accessories to improve profit margins.” It’s unclear from the Journal’s report whether these Foxconn-branded devices would compete directly with Apple’s devices, although an earlier report indicated that Foxconn was mostly interested in producing its own television sets rather than smartphones or tablets.