In China, the city of Zhengzhou – home to the world’s largest iPhone assembly factory – has lifted its quixotic “Zero COVID” lockdown…
Tag: China
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…
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 iPhone 14 weekly sales down by a third in China year over year – Jeffries
Apple’s latest iPhone family is down in China, the world’s biggest smartphone market, where its most recent weekly sales were down…
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 is slowly lessening its dependence on China
Finally and somewhat belatedly, Apple appears to recognize the inherent geopolitical risks of its China-centric supply chain and has been…
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…
Apple stock slips as iPhone assembler Foxconn shifts production in China over COVID outbreak
Foxconn, Apple’s main iPhone assembler is preparing to shift production to other parts of China afterworkers began fleeing its main…
Apple iPhone posts remarkable 36% growth in China in Q3
China’s Q3 2022 smartphone market declined 11% year-on-year while Apple’s iPhone saw remarkable growth of 36% in the country…
Apple turns away from China
Apple is turning away from China and towards place like Vietnam, India, and elsewhere to diversify its supply chain, especially in…
Foxconn says production normal at Chinese iPhone plant despite CCP’s COVID-19 curbs
Taiwan electronics manufacturer Foxconn said on Friday production at its largest iPhone factory remains normal, despite the CCP …
TSMC: Taiwan and U.S. tensions with China pose ‘serious’ challenges for semiconductor industry
Rising Taiwan- and U.S.-China tensions are causing “more serious” challenges for the semiconductor industry, the chairman of Taiwanese…
MacBooks likely to be ‘Assembled in Thailand’ as Apple diversifies from China dependence
As Apple continues to look to free itself from overwhelming dependence on China, the company is looking to diversify MacBook assembly…
Apple asks suppliers to shift some AirPods, Beats production to India
Apple is asking its assemblers to move some AirPods and Beats headphone production to India for the first time in what looks to be…
India dangles $550 million incentives to lure Apple, tech manufacturers
India plans to boost the financial incentives for manufacturers like Apple to make the market-dominating iPad in the country and wooing…
Apple says it will assemble a portion of iPhone 14 models in India
Apple on Monday confirmed its contract suppliers will assemble a portion of iPhone 14 models in India as the company looks to diversify…
Apple may move a quarter of product production to India by 2025 – J.P. Morgan
Amid ongoing quixotic lockdowns in search of the unattainable myth of “zero-COVID” in China, Apple suppliers in India may assemble…
Apple’s iCloud operator in China warns of paralyzing COVID lockdown
The Chinese Communist Party’s latest quixotic COVID lockdown has virtually paralyzed a city of 6 million in China, forcing Apple…
Apple exec resigns from board of Chinese ride-hailing company Didi
Apple’s vice president of corporate development, Adrian Perica, has resigned from Chinese ride-hailing company Didi Global’s board…
