“Foxconn, the Taiwanese made-to-order electronics giant that assembles Apple Inc’s products, denied reports that a plant in China was crippled by a strike, saying on Saturday that its production is on schedule at an important time for Apple,” Reuters reports.
“The report of a strike issued by China Labor Watch, a New York-based advocacy group, came weeks after Apple kicked off its largest-ever global rollout for the new iPhone 5 smartphone. Apple is already struggling with tight availability of the phones in stores, analysts say,” Reuters reports. “The labor group said 3,000 to 4,000 workers went on strike at Foxconn’s Zhengzhou complex in central China on Friday, angered by over-exacting quality controls as well as demands they work through the week-long National Day holiday, which began on Monday.”
Reuters reports, “But Foxconn Technology Group, which has its headquarters in Taiwan, denied the report and said the plant suffered only two brief and small disputes several days earlier. ‘Any reports that there has been an employee strike are inaccurate,’ the company said in an emailed statement, adding that ‘there has been no workplace stoppage in that facility or any other Foxconn facility and production has continued on schedule.'”
Read more in the full article here.
China Labor Watch is shorting AAPL?
That’s one way to get funded, I guess.
Oddly, I can’t find any source of funding anywhere I look for this non-profit group. Who pays their salaries and their bills?
Shorts need to make money to 🙂
“to” what?
That’s very funn
funy
To smile (;-)
Apple competitors’ would never conceive an idea to create investor unrest and associated share devaluation through false rumors. 😉
That’s because it’s so easy to do. Just dump Apple shares upon hearing any unfounded rumor. Are most company investors that easy to dupe? Apple is a stock that is always ready to drop in an instant for almost no reason at all.
If Romney could get away with his lies, it’s obvious that credibility is bankrupt.
He lies no more or less than Obama. Never forget they’re both politicians.
Bulshit
We send the Kenyan back to his favorite tree in Kenya in 30 days.
That’s my Americam president you ‘re insulting. Crass. Pathetic.
In the end, shit always surfaces .
Naahhh, occasionally some of mine just sink to the bottom and sit there. Lol
china labor watch, based in New York ? run by whoever they are
is just plain wrong, you think CHINA would let workers
go on strike? no way, they are communist capitalists, laborers are in hundreds of millions, go figure them out, for every worker that gets fired, five or ten is waiting for his job.
Bring it on AAPL bashers
What? We’re going to believe those Commie bastards? Those pricks are all long AAPL. They could be having firefights at this very moment and we’ll never know! Where’s Bruce Lee when you need him?