As a world-renowned technology giant, Apple's orders are extremely attractive to any businessman. Being able to work with Apple seems to mean a steady stream of money. However, the truth is often not as good as it should be. Apple has very strict requirements for ** merchants, and it is easy to kick out the ** merchants who do not meet the requirements in the fruit chain. And even if you get an order from Apple, it doesn't mean that you will definitely make money.
As a leader in the global technology industry, Apple's products are highly sought after by consumers. Therefore, becoming Apple's top merchant is an honor and opportunity for any business. Apple's products are in large demand and have a wide market share, and the best businessmen are painstakingly managing their cooperative relationship with Apple, hoping to get a certain profit return in it. However, in order to integrate into the fruit chain, the best merchants must face strict requirements and fierce market competition. Once it is eliminated by Apple, it is likely to completely lose this valuable business opportunity. Therefore, working with Apple is not an easy task, and there are both unlimited business opportunities and huge risks.
There is a Chinese company that cooperated with Apple, but lost 700 million yuan in two years, and finally chose to give up Apple's order. The company had previously taken over OFILM's business and partnered with Apple. As a company focused on optics, precision manufacturing, and smart vision technology, they have provided Apple with some key optics and modules for the cameras of Apple products. However, as time went on, the cooperation between the two companies gradually came to an end. Apple terminated its partnership with the Chinese company, which is undoubtedly a heavy blow to the Chinese company.
As the market becomes increasingly competitive, the Chinese company is under tremendous pressure. As the successors of OFILM, they have not only inherited certain orders and customer resources, but also assumed corresponding expectations and responsibilities. However, unexpectedly, the partnership with Apple did not bring the expected financial returns to the business. On the contrary, they continued to lose money during the two-year cooperation, with a cumulative loss of up to 700 million. Faced with such huge losses, the Chinese company had to reevaluate its partnership with Apple and finally decided to abandon the Apple order.
However, this is not the end of Apple's orders. As a leading optical product manufacturer and solution provider in China, Wingtech Technology has seen business opportunities and found challenges at the same time. After OFILM was kicked out of the fruit chain by Apple, Wingtech Technology seized the opportunity to acquire the first camera-related equipment cooperated by OFILM and Apple, and obtained Apple's cooperation qualification. After many debugging and efforts, Wingtech Technology successfully produced optical module products that meet Apple's requirements in December 2021, and entered the stage of normalized batch shipment through Apple's final verification. As a result, Wingtech Technology has become a member of the fruit chain and provides optical modules for Apple.
For Wingtech Technology, being able to become Apple's top business is an important test of opportunities and challenges. They quickly seized the opportunity of OFILM being kicked out by Apple, acquired related equipment, and carried out various debugging and improvements. Through unremitting efforts, Wingtech Technology finally successfully produced optical module products that meet Apple's requirements in December 2021, and passed Apple's strict verification, and successfully entered the stage of normalized batch shipment. This achievement has made Wingtech Technology recognized in the fruit chain and has become one of Apple's leading optical module vendors.
Although Wingtech Technology successfully entered the fruit chain and obtained an order from Apple, however, they chose to give up this opportunity voluntarily. According to the investor relations activity record sheet publicly disclosed by Wingtech Technology, based on the latest business progress with specific customers, combined with changes in the market environment and the company's business plan, Wingtech Technology decided to stop producing optical module products for specific customers. Although it is not explicitly named, according to everyone's speculation, this "specific customer" is likely to be Apple. This decision of Wingtech Technology means that it will give up undertaking orders for Apple's optical modules and will not continue this cooperative relationship with Apple.
Was it a wise decision to abandon the partnership with Apple?For Wingtech Technology, this is a problem that needs to be carefully considered. As one of the largest technology companies in the world, Apple has a huge market share and a strong brand presence. On the one hand, you can obtain rich economic returns and enhance the company's visibility and competitivenessOn the other hand, it is also facing huge market pressure and fierce competition. After evaluating the cooperative relationship with Apple, combined with the company's business planning and market changes, Wingtech Technology made the decision to abandon Apple's order. They believe that instead of continuing to lose money, it is better to seek other cooperation opportunities with more development potential and profit margins. This decision was made to better protect and develop the interests of the company.
The cases of OFILM and Wingtech Technology convey a clear warning to domestic manufacturers: Apple's orders are not a panacea. While partnering with Apple is an honor and a huge business opportunity, it doesn't mean you're guaranteed to make money. Businessmen need to be soberly aware that Apple's requirements for partners are extremely high, and it is not easy to make money. Before cooperating with Apple, traders should carefully consider their own strength and competitiveness, and fully evaluate the risks and rewards of cooperating with Apple. Only with real strength and advantages can we be invincible in Apple's orders.
As a leading businessman, cooperating with Apple is a dream opportunity for many companies. However, Apple's strict requirements and fierce market competition are not something that any company can handle. Before cooperating with Apple, the best traders should fully evaluate their own strength and competitiveness, and clarify their strengths and weaknesses. At the same time, it is also important to consider the risks and uncertainties that may come with working with Apple. Apple orders are not a one-time success, and businessmen should not blindly chase them, but should make rational decisions based on their own circumstances. Only by finding a development path that suits you can you truly obtain long-term stable profits and sustainable development space.
Summary: Apple's order is both an opportunity and a challenge for the best businessmen. While partnering with Apple may bring lucrative profits and business opportunities, it also comes with high pressure and fierce competition. Traders should be clear about their own strengths and competitiveness, and make an informed decision after evaluating the risks and rewards of working with Apple. Apple's orders are not a panacea, and they cannot be blindly chased, but they need to find a development path that suits them to protect and develop their own interests.