Apple and Foxconn have yet to confirm Seeking Alphaª's report which said Apple plans to invest up to $7 billion in robots and place them in Foxconn factories.
As I see it, this is an important story for at least three reasons:
Exclusivity - a strategic move on Apple's part to tie up a huge chunk of global robot and electronics production and stay ahead of the competition.
Forward thinking - by investing so much in robotics at this point in time, Apple retains it's leadership in manufacturing technology and product quality for the next few years.
Productivity - by deploying robots to do the dull, dirty and dangerous tasks previously done by low-paid humans, Apple will be improving not only it's image, but also work conditions, product quality, and worker efficiency.