Jabil CEO ‘Firmly Committed to Serving’ Apple Brand
The technology and “business model transitions” are trends that “favor” Jabil Circuit, CEO Mark Mondello said on a Wednesday earnings call. “Consumers demand more and more devices be connected, connected to each other, connected to the cloud and connected to…
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the end user -- automobiles, appliances, meters, home security systems, drones, just to name a few,” said Mondello, whose firm provides contract-manufacturing and supply-chain services to companies like Cisco, HP and Sony Mobile Communications, but counts Apple as its top customer. “This world of massive connectivity assures that more and more data will be generated. This in turn requires more bandwidth, which requires more computing power and more storage.” Mondello thinks mobile devices “are here to stay,” because they “monitor and control an infinite number of connected devices as well as connect all of us in our daily lives,” he said. “Apple remains dominant in this space.” Representatives at Apple didn't comment Thursday.