Just because the Samsung Galaxy S3 can’t keep up with consumer demand doesn’t mean that everyone is clamoring for the device. In fact, during an annual st0ckeholder’s meeting, Hon Hai CEO Terry Gou (Foxconn’s parent company) urged consumers to not buy into the hype, and pass on the Samsung Galaxy S3. Instead, the chairman urged customers to hold out for the upcoming iPhone 5 which he believes, “will put the Samsung Galaxy S III to shame.” Bold words coming from Foxconn — and they don’t come without bias (or hint of racism).
It just so happens that Foxconn is one of Apple’s key manufacturing partners (ironically, Apple is one of Samsung’s biggest customers) and from the looks of it, Terry Gou is still bitter about a certain European Commission investigation that took place back in 2010. According to him, Samsung snitched on fellow Taiwanese flat-panel manufacturers accused of fixing prices in order to save their own necks. Guess this is just Mr. Gou’s way of holding to the old Chinese proverb, “Snitches get stitches.”
In fact, it is now Gou’s lifetime goal is to “beat” Samsung, in which the company has plans to do in 5 years time. That puts Sammy on 2 sh*t lists — both Apple and now their supplier, Foxconn. But really, that’s comes as no surprise. Foxconn is already forming an alliance with Japanese owned Sharp, whom Foxconn owns a majority stake in. According to the CEO, “I respect the Japanese and especially their execution and communication styles. Unlike the Koreans, they will not hit you from behind.” Oh, man. When egos are at stake, ‘ol Terry pulls the race card. I had no idea they were so viciously competitive in Asia.