Major Apple assembler Foxconn Technology Group has replaced the chief of its iPhone assembly business after a tumultuous year in China…
Tag: CCP
Apple’s iPhone exports from India more than double, surpass $2.5 billion
Apple exported iPhones worth more than $2.5 billion from India from April to December 2022, nearly twice the entire previous…
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…
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…
Apple stock price hits lowest since June 2021
Apple’s stock price closed at its lowest level since June 2021 on Tuesday, amid an ongoing selloff of big-tech stocks amplified by concerns…
India is shaping up as the right place for Apple to ease China dependence
Apple and, in fact, many western manufacturers are increasingly uncomfortable with their heavy dependence on CCP=-controlled China…
Foxconn to begin assembling MacBooks in Vietnam within months
Apple plans to move some MacBook assembly out of China to Vietnam for the first time next year as the Cupertino Colossus continues its…
CCP releases all ‘high-risk’ COVID zones from lockdown in China
The Chinese Communist Party (CCP) has slashed the number of locations deemed “high risk” COVID zones inChina, re-opening locked down…
Apple assembler Foxconn invests $500 million in India business as Apple looks to lessen crippling dependence on China
Apple’s main iPhone assembler Foxconn has expanded its efforts to cut its dependency on China and invested $500 million this…
Stock futures fall on growing recession fears
U.S. stock index futures fell on Wednesday after warnings of a looming recession from major Wall Street bankers offset any optimism…
Wedbush analyst Dan Ives: ‘The clock has struck midnight in China for Apple’
Apple and China have been tied at the hip for decades, but, despite documented human rights abuses and actual genocide, it took…
Chinese Communist Party set to ease ‘Zero COVID’ lockdowns and restrictions
The Chinese Communist Party is set to announce the easing of some of its quixotic “Zero COVID” lockdowns and restrictions as early as Wed…
Apple looks to diversify some iPad production from China to India
Apple is speaking with Indian officials about relocating some iPad manufacturing in the country as U.S.-Chinese relations sour and the CCP’s…
Better late than never: Apple accelerates plans to move production out of China
In recent weeks, Apple has accelerated plans to shift some of its production outside China, long the dominant country in the company’s supply…
Apple CEO Cook dodges questions about China protests; Enes Kanter Freedom: ‘Shame on him’
Apple CEO Tim Cook is taking heat after refusing to answer questions from a Capitol Hill reporter on the protests in China. “Shame on him…”
China’s CCP caves on ‘Zero COVID’ nonsense after protests; softens tone on COVID severity
The Chinese Communist Party has caved and is now softening its stance regarding the severity of COVID-19 and has begun the process…
Piper Sandler cuts estimates for Apple’s December quarter over CCP ‘Zero COVID’ crackdowns
Piper Sandler analysts on Thursday cut their estimates on revenue and iPhone sales Apple’s December quarter (fiscal Q123), as the CCP…
Apple shares fall after analyst warns China COVID protests could drop iPhone shipments by 20%
After TFI Asset Management analyst Ming-Chi Kuo on Tuesday slashed his iPhone shipment estimates citing protests in China, Apple shares …
Apple’s crippling dependence on Communist China can no longer be ignored
Apple depends on a small number of very large factories in China and Taiwan for much of its product assembly. But, harsh CCP-imposed…
Chinese workers rebel against CCP’s quixotic COVID lockdowns; iPhone production hit estimated at 6 million
On November 23rd, Chinese workers rebelled against security personnel in white protective clothing at the “iPhone City” factory compound…
iPhone 14 Pro customers face protracted shortages
Many shoppers looking for Apple’s latest high-end iPhone 14 Pro and flagship iPhone 14 Pro Max returned empty handed from its stores…
Foxconn is paying Chinese workers unhappy over COVID restrictions $1,400 to leave
Workers protesting yet another futile round of the CCP’s quixotic “Zero COVID” lockdowns at Foxconn’s “iPhone City” assembly campus…
Apple’s iPhone Pro and iPhone 14 Pro Max sold out until January
If you waited until now to get your an Apple iPhone 14 Pro or flagship iPhone 14 Pro Max before the end of the year, you waited too long…
Wedbush maintains Outperform rating and $200 price target on Apple
Wedbush Managing Director and Senior Equity Research Analyst Daniel Ives on Wednesday maintains an “Outperform” rating and $200 target…
Foxconn iPhone factory workers clash with police at COVID-restricted plant in China
Foxconn workers at the world’s biggest iPhone assembly plant clashed with police after protests erupted at the factory in central China…
Apple iPhone 14 Pro supply woes due to China’s COVID lockdowns could push $3 billion in sales into next quarter
Apple’s iPhone 14 Pro supply continues to be negatively impacted by CCP-mandated COVID-related production slowdowns at Foxconn’s…
CCP’s Xi Jinping gives up the ghost on China’s ‘Zero COVID’ pipe dream
Chinese President Xi Jinping has decided this week to entertain some measure of reality and do away with the CCP’s authoritarian approach…
Apple’s iPhone 14 Pro and iPhone 14 Pro Max ship times slip past Christmas
Apple’s website now indicates that iPhone 14 Pro and flagship iPhone 14 Pro Max ship times in the U.S. have started slipping past Christmas…
Apple assembler Foxconn looks to quadruple Indian workforce in next 24 months
Apple assembler Foxconn plans to quadruple the workforce at its iPhone factory in India over two years due to COVID lockdowns in China…
JD.com: Apple sold over $140M in products in first minute of China’s Singles Day final day
Alibaba Group opted not to disclose the final sales tally of its annual Singles Day shopping festival for the first time since it started…
Apple assembler Foxconn records 5% rise in Q3 profit, foresees flattish Q4
Apple iPhone assembler Foxconn said on Thursday it expected flattish revenue in the fourth quarter, as the company grapples with CCP COVID…
Apple limits AirDrop in China to aid CCP censorship, thwart protestors
Apple has limited the AirDrop wireless file-sharing feature on iPhones in China after the mechanism was used by protesters opposed…
Apple assembler Foxconn offers bonuses to lure back workers who fled over CCP COVID lockdowns
Apple supplier Foxconn is hoping to lure workers back to its biggest manufacturing plant in Zhengzhou, China, by offering one-time 500 Yuan…
Apple shares rise even as analysts tweak estimates over China-related iPhone 14 Pro issue
The price of Apple shares rose on Tuesday despite investment firms Morgan Stanley and UBS tweaking estimates related to the impact…
Analyst sees silver lining in Apple’s iPhone 14 Pro supply issue; maintains $200 price target
In a statement released on Sunday, Apple warned that it expects lower than anticipated shipments of iPhone 14 Pro and iPhone 14 Pro Max…
CCP’s ‘Zero COVID’ policy hits vulnerable China-dependent Apple
Apple warned that it expects lower than anticipated shipments of iPhone 14 Pro and iPhone 14 Pro Max than previously anticipated following…
Apple warns: Due to China’s COVID lockdowns, expect lower iPhone 14 Pro and Pro Max shipments previously anticipated
Apple expects lower than anticipated shipments of iPhone 14 Pro and iPhone 14 Pro Max than previously anticipated following a significant…
Apple adds Pegatron as new iPhone 14 supplier in India
Apple contract manufacturer Pegatron, which is based in Taiwan, has begun assembling the company’s latest iPhone 14 model in India, just…
Tim Cook firmly latched Apple onto China’s CCP teat. What’s his plan for weaning it off?
In 2016, Apple’s “Operations Genius,” Tim Cook, secretly signed a secret agreement with the Chinese Communist Party worth more than $275B…
China forces new 7-day COVID lockdown around major Apple iPhone factory
China’s quixotic “zero-COVID” quest continues as the Chinese Communist Party imposes yet another 7-day lockdown in the city where…
Apple supplier Foxconn quadruples bonuses to staff hit by yet another China COVID lockdown
Apple assembler Foxconn said on Tuesday it has quadrupled bonuses on offer for workers at its iPhone assembly plant in central China as…
Apple iPhone production at Chinese Foxconn factory could fall 30% amid COVID restrictions
Production of Apple’s iPhones could slump by as much as 30% at one of the world’s biggest factories next month due to tightening…
