Karnataka in southern India has approved a $967.91 million investment in the state by a unit of main Apple assembler Foxconn …
Search Results for: COVID
Major Apple assembler Foxconn ramps up investment outside China
Foxconn, which assembles around 70% of Apple’s iPhones, has been diversifying production away from CCP-controlled China, whose…
Apple and Foxconn win labor reforms to advance production plans in India
Apple and its major assembly partner Foxconn were among the companies behind a landmark reform of labor laws in the Indian state of…
Apple stock rises on new Wedbush price target implying nearly 25% upside
Apple stock rose in early Thursday, after Wedbush analyst Dan Ives on Wednesday raised his price target, citing signs of increasing demand…
Apple supplier Goertek says VP exiting just days after he sounded alarm on communist China supply chain exodus
One of Apple’s largest acoustic products suppliers, Goertek, on Wednesday said its vice-president Kazuyoshi Yoshinaga is leaving the company…
Wedbush ups Apple target price to $190 on ‘clear demand rebound’ in iPhones sales in China
Demand for Apple iPhones is clearly rebounding in China after the CCP’s quixotic, failed “Zero COVID” response lockdowns have finally been…
Apple iPhones to be assembled at new Foxconn plant in India’s Karnataka state
Apple iPhones will soon be assembled at another Foxconn site in the southern Indian state of Karnataka with 300 acres set aside for the new…
Apple investors have made a splendid return of 253% over the past five years
Long term Apple shareholders have seen their investment increase by 237% in the past five years, a rather splendid return, especially when…
Better late than never: Apple suppliers race to exit China
Apple suppliers are likely to move capacity out of China far faster than many observers anticipate to pre-empt fallout from…
Already-dominant Apple Watch takes even larger share of global smartwatch market as shipments surge 17%
Apple’s annual shipments increased by 50 million for the first time, accounting for about 60% share of the global smartwatch market revenue…
Foxconn secures 111-acre site in Vietnam as Apple assembler continues to diversify production away from China
Foxconn, formally known as Hon Hai Precision Industry, has signed a lease with Saigon-Bac Giang Industrial Park Corp in…
Warren Buffett’s Berkshire Hathaway increases its Apple stake by over $3 billion
Warren Buffett’s Berkshire Hathaway increased its stake in Apple by over $3 billion in the fourth quarter, according to a regulatory filing…
Apple’s belated effort to diversify away from China into India hits stumbling blocks
Apple is hitting stumbling blocks in its effort to increase production in India, as it faces pressure to cut its over reliance on China…
Apple supplier Salcomp sees revenue of $2-$3 billion in India for 2025, plans rapid hiring
Finland-headquartered Salcomp, a supplier to Apple plans to double its workforce in India to 25,000 over the next three years, a top company…
Apple avoids job cuts by not over-hiring
One of the reasons why Apple is under less pressure than tech peers to slash jobs during the current economic slowdown is that hired…
Apple to hold in-person, employee-only annual ‘AI Summit’ at Steve Jobs Theater
Apple will hold its annual AI summit for employees next week inside Apple Park’s Steve Jobs Theater, the first fully live in-person event at…
Apple again the world’s top semiconductor buyer in 2022
According to preliminary results by Gartner. Apple remained the world’s top semiconductor buyer in 2022. The company…
Why Apple stock rose after rare earnings miss
Supply challenges and macroeconomic headwinds weighed on Apple’s performance last quarter. Apple reported lower earnings than Wall Street…
Apple management hints that things are getting better after a tough quarter
Apple on Thursday announced financial results for its fiscal 2023 first quarter ended December 31, 2022. The company posted quarterly…
MacDailyNews presents live notes from Apple’s Q123 conference call
MacDailyNews presents live notes from Apple’s Q123 Conference Call with analysts starting at 2pm PT / 5pm ET today, February 2, 2023…
Apple set to post rare revenue drop on China supply issues
Apple is expected by analysts to report its first decline in quarterly revenue in nearly four years after the Chinese Communist Party…
Apple’s indomitable Macintosh may bolster earnings amid iPhone uncertainty
Apple’s last earnings report was bolstered by the indomitable Macintosh and the same dynamic may show up in the Cupertino Colossus’…
Analysts expect Apple to post its first revenue decline – however slight – since 2019
Apple reports December quarter earnings on Thursday, and analysts expect the company to post its first revenue decline …
Apple supplier Jabil begins making AirPods components in India
Apple supplier Jabil has begun making components for AirPods in India, marking a significant step in Apple’s push to diversify production…
Apple stock climbs ahead of earnings report
Despite facing numerous concerns ahead of its December-quarter earnings release on February 2nd, Apple stock has been rising…
Trefis expects Apple to beat the Street with February 2nd earnings report
Trefis estimates that Apple’s revenue will come in around $123 billion for the quarter, marginally ahead of consensus estimates, which would…
One Warren Buffett stock to buy in 2023 and hold forever: Apple
Warren Buffett values companies with high brand loyalty and consistent long-term growth, and Apple is a champion of both. As a result…
Apple wants India to account for up to 25% of its product assembly
Apple wants India to account for up to 25% of its product assembly from about 5%-7% now, as the company belatedly tries to divest…
Google, Microsoft each laying off more than 10,000 employees
Microsoft will be laying off 10,000 employees and Google will axing 12,000 employees over the coming weeks…
Apple stock is a screaming buy
Apple shares have fallen 25% since its all-time high. The good news is that the sell-off makes now an excellent time to buy Apple stock…
Buy Apple ahead of earnings – Evercore
Evercore ISI analyst Amit Daryanani advises investors to stock up on both Apple and International Business Machines shares ahead of earnings…
Gartner: Apple’s Mac took 17.2 percent of U.S. personal computer market in Q422
Amid an overall U.S. PC market decline of 20.5% in Q422, Apple took 17.2 percent share of the Q422 U.S. personal computer market…
Apple supplier BOE to invest up to $400 million in new factories in Vietnam
Chinese display maker and Apple supplier BOE Technology Group plans to invest a substantial sum to build two factories in Vietnam …
Tata near to becoming first Indian Apple iPhone assembler
Tata Group is close to taking over a major Wistron plant in southern India in a deal that would give the country its first homegrown iPhone…
Apple supplier Foxconn says output recovering despite revenue fall; Apple did not cut orders – source
Major Apple assembler Foxconn said on Thursday output at its “iPhone City” factory in China had “basically returned to normal” and December…
Wedbush lowers Apple price target from $200 to $175, says ‘Apple remains our favorite tech name’
Investment firm, and Apple bull, Wedbush has lowered the firm’s price target on Apple shares from $200 to $175 while reiterating that Apple…
Wall Street starts 2023 on a downbeat; Apple shares drag
Wall Street’s main indexes closed lower on the first trading day of 2023 with Apple among the biggest drag, while investors worried about the…
Foxconn’s ‘iPhone City’ now running at nearly full capacity – Chinese state media
Foxconn’s “iPhone City” in central China was running at 90% of planned production capacity at the end of December, Chinese state media…
Analyst reiterates bullish outlook on Apple: ‘It’s a lot more of headline risks than anything else’
Apple faces a lot more headline risks than anything else, said Angelo Zino, senior industry analyst at U.S.-based firm CFRA Research…
Citi’s Jim Suva explains why 2023 will be a good year for Apple stock
Jim Suva, Citi senior tech analyst, joins CNBC’s ‘Squawk on the Street’ to explain why he is bullish on Apple in spite of the fact its share…
Year end pressure on stocks should relent temporarily, but the bear market will persist
As a miserable year ends, weakness in bonds and bearish positioning prevent any positive momentum from developing in this bear market …
Apple plans increased differentiation between ‘iPhone 15 Pro’ and ‘iPhone 15 Ultra’ as Luxshare joins assembly chain
Apple has enlisted Luxshare to assemble the iPhone 15 Pro Max — reportedly to be named “iPhone 15 Ultra” as Apple plans increased…
