“Apple Shifts Supply Chain Away From Foxconn to Pegatron”

Eva Dou, The Wall Street Journal:

Pegatron Corp. named after the flying horse Pegasus, will be the primary assembler of a low-cost iPhone expected to be offered later this year. Foxconn’s smaller rival across town became a minor producer of iPhones in 2011 and began making iPad Mini tablet computers last year.

Pegatron’s rise means an end to the monopoly that Foxconn Technology Group — the trade name for Hon Hai Precision Industry Co., the world’s largest electronics contract manufacturer — has held over the production of Apple’s mobile products.

Apple is no longer putting all its eggs in one basket; that’s good, but as far as I can tell a new low-cost iPhone remains a myth.