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Foxconn says cannot meet demand for latest iPhone

TAIPEI -- Taiwan's Foxconn has admitted that it cannot meet strong demand for Apple's new iPhone 5 due to difficulties in building the gadget, as investors grow concerned about the U.S. giant's future earnings.

“We can't really fulfill Apple's requests. Our shipments are insufficient ... given the huge market demand,” Foxconn chairman Terry Gou told reporters late Wednesday.

He added that the design of the iPhone 5, of which five million were sold over its launch weekend in September, has made production difficult, but did not elaborate.

He declined to say whether Foxconn plans to outsource some of the iPhone orders to other makers.

The iPhone has been a huge driver of Apple's phenomenal profits, along with the iPad, both of which are made by Foxconn, which also manufactures products for other firms such as Nokia, Intel and Sony.

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