iPhone 5 to put Samsung’s Galaxy S III to shame: Foxconn CEO

Terry Guo, CEO of Taiwan-based Foxconn which manufactures various lines of Apple products from iPhone, iPad to Macbook, said customers should wait for the launch of iPhone 5 as “the new model will put Samsung’s Galaxy S III to shame”.

Terry Guo, CEO of Taiwan-based Foxconn which manufactures various lines of Apple products from iPhone, iPad to Macbook, said customers should wait for the launch of iPhone 5 as “the new model will put Samsung’s Galaxy S III to shame”.

By the time when the next generation of iPhone is put on shelf, “everyone should own a set”, Guo said during Hon Hai Precision’s annual shareholders’ meeting held on Monday.

Last month, Samsung released its Galaxy S III to compete with iPhone for the top-tier market. Reports said the new third generation became the most pre-ordered gadget in history with a pre-order of 9 million, which beat the iPhone 4S’s 4 million.

Guo didn’t disclose any information on the upcoming new iPhone at the meeting. However, he indicated that it is his “lifetime goal to defeat Samsung”, which owns “a track record of snitching on its competitors”, according to local Taiwan reports.

In 2010, the Korean company reported four Taiwanese companies, which were subsequently investigated by the European Commission on price-fixing on their tablet PC. Samsung was exempted from the investigation as a tainted witness.

Foxconn confirmed earlier that it is partnering with Sharp to build a new plant in a Chinese city for producing iPhone displays, aiming to beat the Korean manufacturers in the next three to five years.

A Chinese newspaper said in November that Guo was still using Samsung’s old-version cell-phone. Guo explained to the reporter that he was reluctant to use iPhone 4S due to its being in short supply.