Major Apple assembler Foxconn said on Thursday output at its “iPhone City” factory in China had “basically returned to normal” and December…
Tag: China
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…
Strong recovery for Apple iPhone 14 Pro and iPhone Pro Max expected in January
DSCC’s Naranjo expects a strong recovery for Apple’s iPhone 14 Pro and iPhone Pro Max in January. iPhone 14 Pro…
Gene Munster: Apple iPhone 14 Pro pain in December will be March’s gain
On November 6th, Apple announced that China’s quixotic “Zero COVID” lockdowns were impacting its iPhone 14 Pro and iPhone 14 Pro Max…
Apple reportedly seeks to triple iPhone assembly in India over the next two years
In order to diversify production out of problematic China, Apple is looking to triple its production of iPhones assembled in India …
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…
TSMC revenue surges 50% in November despite quixotic ‘Zero COVID’ lockdowns
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 50% increase in November sales, a month challenged by the CCP’s quixotic…
Apple iPad posts 6.5% annual growth in China, grows tablet market share
Apple’s incomparable iPad lineup posted 6.5% annual growth in mainland China as the company grew its share of tablet market…
Apple assembler Foxconn, widespread protests pushed China to ease ‘Zero COVID’ curbs
A letter from the founder of Foxconn, the world’s largest iPhone assembler, played a major role in persuading China’s Communist Party…
Chinese Communist Party starts dismantling ‘Zero COVID’ policy after widespread insurrection across China
For years now, Chinese President Xi Jinping’s government insisted that his “Zero COVID” policy would “stand the test of history,” and…
Major Apple supplier TSMC triples Arizona chip plant investment
Major Apple supplier TSMC on Tuesday said it would more than triple its planned investment at the Taiwanese chipmaker’s new Arizona plant…
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…
Foxconn sees China iPhone plant beset by CCP ‘Zero COVID’ restrictions back at full output within weeks
Apple assembler Foxconn expects its “iPhone City” assembly campus in Zhengzhou, China which has repeatedly been beset by 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…
Analyst: Apple’s stock price won’t feel the full impact of China’s COVID production lockdowns
In China, the city of Zhengzhou – home to the world’s largest iPhone assembly factory – has lifted its quixotic “Zero COVID” lockdown…
iPhone assembler Foxconn dangles big bonuses to entice workers amid CCP’s ‘Zero COVID’ lockdowns
Apple’s main iPhone assembler Foxconn is offering big bonuses to entice workers back to its Zhengzhou, China factory after the CCP…
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 assembler Foxconn hires over 100,000 workers in iPhone factory hit by CCP COVID restrictions
Apple assembler Foxconn has hit a hiring target of 100,000 new workers for its “iPhone City” assembly factory in Zhengzhou, China…
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…
Chinese authorities call on retired soldiers to take stints at Foxconn’s iPhone plant
Authorities in China’s Henan province are urging retired soldiers and government workers to take on stints at Foxconn’s iPhone factory in…
Morgan Stanley trims iPhone 14 Pro output estimates
Apple’s most in-demand iPhones this year, the premium Pro models, will fall short of earlier shipment estimates by 6 million units, due to…
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…
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…
Stocks drop, dollar strengthens as markets eye U.S. inflation data
Stock prices dipped as the dollar strengthened on Thursday, ahead of U.S. inflation data that will influence the Federal Reserve’s interest…
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…
