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According to a <a href="https://asia.nikkei.com/Business/AC/Foxconn-eyes-digital-film-sector-as-smartphone-demand-weakens?page=1">report in the Nikkei Asian Review</a>, Foxconn Technology Group plans to work with RED Digital Cinema and enter the digital cinema market to produce “affordable” 8K cameras.</p>
<p>Production of the iPhone brings in more than 50% of Foxconn’s revenue, and with demand weaking, the company is planning to diversify and move into other sectors, starting with the digital cinema.</p>
<p>Mr Gou said of working with RED: “We will make cameras that will shoot professional-quality films in 8K resolution but at only a third of current prices and a third of current camera sizes”.</p>
<p>Foxconn acquired Sharp’s semiconductor business back in 2016 and that acquisition will play a critical role in making camera components.</p>
<p>If this works out, we could be seeing some interesting products in the future.</p>
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