Major Apple assembler Foxconn Technology Group has replaced the chief of its iPhone assembly business after a tumultuous year in China…
Tag: Foxconn
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…
India uses generous subsidies, hefty import taxes to woo Apple suppliers
India is gaining more and more of tech colossus Apple’s supply chain business thanks to a carrot and stick approach…
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 …
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…
Major Apple assembler Foxconn’s China ‘iPhone City’ lifts ‘closed-loop’ COVID restrictions
Major Apple assembler Foxconn’s COVID-hit Zhengzhou facility in China lifted its “closed-loop” COVID restrictons on Thursday…
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…
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…
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…
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…
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 supplier Foxconn hires TSMC pioneer as semiconductor strategy adviser
Apple supplier Foxconn has appointed chip industry veteran Chiang Shang-yi to a newly created role of semiconductor strategy officer…
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…
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…
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…
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…
Apple assembler Foxconn adjusts production to avoid holiday supply declines
Apple assembler Foxconn said on Thursday it is adjusting production to prevent recent COVID-19 curbs at a massive iPhone City” factory…
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…
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…
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…
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 …
Apple assembler Foxconn sets revenue record on ‘storming demand’ for iPhone 14 Pro and Pro Max
Major Apple iPhone assembler Foxconn said September revenue totaled 822.3 billion new Taiwan dollars ($25.9 billion), up 40.4% year-on-year…
Apple assembler Foxconn to invest $300 million more in Vietnam production
Vietnam state media said this weekend that Apple assembler Foxconn has signed a $300 million memorandum of understanding with…
Apple assembler Foxconn’s Q2 profit up 11.7%
Major Apple assembler Foxconn reported on Wednesday an 11.7% rise in second-quarter net profit, beating market estimates…
Apple supplier Foxconn backs top China chipmaker after $9 billion rescue
A Shanghai-listed arm of Apple supplier Foxconn Technology Group acquired a stake in China’s top chipmaker during its $9 billion bailout…
Apple assembler Foxconn goes on hiring spree at world’s largest iPhone factory in China
The world’s largest iPhone factory, operated by Foxconn in Zhengzhou, China has started a new recruitment campaign that offers generous…
Apple assembler Foxconn predicts more stable supply chain for second half of 2022
Taiwan’s Foxconn, a major Apple assembler and the world’s largest contract electronics maker, said on Tuesday that the second half…
Apple assembler Foxconn faces logistics disarray from China’s quixotic ‘zero-COVID’ lockdowns
Apple assembler Foxconn said it faces logistics disruptions and other challenges in China stemming from the CCP’s stringent COVID-19 …
