Foxconn CEO: Apple iPhone 5 to Put Samsung Galaxy S III to Shame

Foxconn CEO: Apple iPhone 5 to Put Samsung Galaxy S III to Shame

 Can the Apple iPhone 5 really put the Samsung Galaxy S III to shame? <br> Image source: Samsung

The roaring success and popularity of Samsung Galaxy S III appeared to have irked Foxconn's CEO Terry Gou to the extent that he urged consumers to hold on to their next smartphone purchase till the launch of Apple's upcoming iPhone. According to China Times, Gou went on to make the comment that "the new model will put Samsung Galaxy S III to shame".

During the annual shareholder's meeting, he suggested that Samsung will be defeated in the next three to five years by the combination of Foxconn's marketing, manufacturing expertise and Sharp's key technologies. In addition, he mentioned that his company had sealed an exclusive agreement with Corning Inc. and "his competitors will not able to secure any such material if they wished to."

Apparently, bitter ties existed between Foxconn and Samsung which can be traced back to 2010. Gou accused Samsung of "snitching on its competitors" by revealing the names of four Taiwanese manufacturers investigated for price fixing in the flat panel industry. 

We doubt Gou's comments are going to make an impact on the consumer's purchase decision process as Reuters just reported that the sales of the Samsung Galaxy S III will hit 10 million by the end of July.

Sources: via Pocket-Lint, Reuters via The Verge

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