For the uninitiated, Hon Hai Precision Industry Co. aka Foxconn is the manufacturer of Apple products like iPhone and iPad and at the annual shareholders’ meeting, Foxconn’s CEO Terry Gou came out with strong words against the Korean chaebol and its new flagship – Galaxy S III.
Gou urged consumers to not go for Galaxy S III as the upcoming iPhone 5 will put the Samsung phone “to shame.” If that was not enough, Gou lashed out at Samsung for being a “company with a track record of snitching on its competitors,” a reference to flat panel price fixing investigation conducted by the EU Commission in 2010.