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Foxconn Makes Gains With Its Own Brand of Phones

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Foxconn Technology is best known as the company that assembles iPhones for Apple. The Taiwanese firm chaired by billionaire Terry Gou pumps out the handsets and other gear for U.S. tech giant and other developers at mega-factories in China. But Foxconn, probably seeking income that contract work can’t fetch, is essentially making its own phones now via a stake in HMD, the Finnish company behind the Nokia brand of handsets. Foxconn’s subsidiary FIH Mobile owns 6% of HMD and manufactures the phones that its Finnish partner designs…

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