Apple iPhones see a drop in Q1 production estimates amid low demand: Report
6 years ago

Apple iPhones see a drop in Q1 production estimates amid low demand: Report

Firstpost  

Apple is expected to make 45 million iPhones for the quarter which is down from 50 million. Citi Research on 28 December reduced its first-quarter production estimates for Apple Inc’s iPhones and nearly halved expectations on the costliest iPhone XS Max, joining other brokerages in lowering forecasts amid reports of weak demand. According to a Wall Street Journal report in November, Apple cut production orders for all three iPhone models launched in September. Citi has “sell” ratings on iPhone assemblers Hon Hai Precision Industry Co Ltd and Foxconn Technology Co Ltd said it sees Hon Hai as particularly vulnerable, with higher exposure to the new models. Davidson reiterated his “buy” rating on Apple stock and a $280 price target based on a Reuters report earlier this week that Apple plans to begin using Foxconn to assemble some of its newest iPhone models in India in 2019.

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History of this topic

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence
4 weeks, 1 day ago

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence

Firstpost  

According to JPMorgan analyst Samik Chatterjee, the real AI windfall will come with the expected 2025 launch of the iPhone 17. He projects iPhone sales will rise from 230 million units this fiscal year to 251 million the following year Apple’s stock currently trades at 34 times its projected earnings over the next 12 months, making it one of the …

India-made iPhones breach $10 billion milestone, reveals IT Minister Ashwini Vaishnaw
1 month, 2 weeks ago

India-made iPhones breach $10 billion milestone, reveals IT Minister Ashwini Vaishnaw

Firstpost  

The PLI scheme continues to play a pivotal role in attracting global tech giants like Apple to India, bolstering the country’s position as a key player in the global electronics manufacturing ecosystem Apple’s expansion in India shows no signs of slowing down. Image Credit: Firstpost | Mehul Reuben Das India’s iPhone production has hit a remarkable milestone, surpassing $10 billion …

Apple's India Expansion: A Strategic Shift Away from China
2 months, 2 weeks ago

Apple's India Expansion: A Strategic Shift Away from China

Firstpost  

Apple's expansion of its manufacturing base in India has gained significant attention, with the tech giant exporting nearly $6 billion worth of iPhones between April and September 2024. This represents a one-third increase in value compared to the same period last year, setting Apple on track to exceed $10 billion in exports by the end of the fiscal year. The …

Apple breaks out of recent sales slump as it gears up to make its leap into the AI craze
5 months, 1 week ago

Apple breaks out of recent sales slump as it gears up to make its leap into the AI craze

Associated Press  

Apple snapped out of a prolonged sales slump during its most recent quarter as the trendsetting company prepares to launch into the artificial intelligence craze with an arsenal of new technology that’s expected to juice demand for its next iPhone. Sales of the iPhone — Apple’s marquee product — remained on a downward slope though, dipping 1% from last year …

Sales of iPhone fall to three-year low as Apple’s popularity drops in China
5 months, 2 weeks ago

Sales of iPhone fall to three-year low as Apple’s popularity drops in China

The Telegraph  

Sales of the iPhone have fallen to the lowest level for three years after Apple’s popularity dropped in China and as shoppers wait for new models. However, the company saw another sales drop in China, where it has struggled in recent months as local rival Huawei has overcome US microchip sanctions to launch new high-end phones. Overall, however, Apple’s sales …

Apple's major price cut: Check new rates of iPhones 13, 14 and 15
5 months, 2 weeks ago

Apple's major price cut: Check new rates of iPhones 13, 14 and 15

Hindustan Times  

Apple announced a 3-4% price reduction across its portfolio for iPhones after Finance minister Nirmala Sitharaman announced a duty cut on consumer electronics in the Union Budget 2024. Following the slashing of prices, Apple's Pro or Pro Max model price will be cheaper by ₹5100 to ₹6000. Now, the iPhone SE will cost ₹2300 less following the price cut. Check …

Apple iPhone 16 shipments may not be increased as previously claimed
5 months, 3 weeks ago

Apple iPhone 16 shipments may not be increased as previously claimed

The Hindu  

Despite rumours around Apple’s plans to increase shipments of its soon-to-be-released iPhone 16, a report has stated that this may not be the case. Analyst Ming Chi Kuo has revealed that during the recent earnings calls with key suppliers, TSMC and Largan, both shared that there was no increase in orders from the hardware giant. “My understanding is that some …

Apple Wants 50 Percent Of Its iPhone Production To Be Automated: Worker Layoffs Incoming?
6 months, 3 weeks ago

Apple Wants 50 Percent Of Its iPhone Production To Be Automated: Worker Layoffs Incoming?

News 18  

Apple is planning for a big-scale automation push at its iPhone production units that could have a direct impact on the manpower employed. The reports coming in this week claim Apple is asking its vendors to adopt 50 percent automation and reduce the number of workers on the final assembly plant for iPhones. Automate Plant, Jobs Losses Inevitable Apple’s reported …

Apple exports iPhones worth over Rs 16,500 crore in April-May from India
7 months ago

Apple exports iPhones worth over Rs 16,500 crore in April-May from India

India TV News  

Apple has reportedly achieved a significant milestone of exporting the ‘made in India’ iPhones which was worth more than Rs 16,500 crore in the first 2 months of the ongoing financial year. FY24 success and record production Apple has concluded FY24 with a substantial iPhone production value of around USD 14 billion in India. Strengthening domestic manufacturing Highlighting India’s growing …

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset
8 months, 1 week ago

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset

NPR  

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset Enlarge this image toggle caption Mark Lennihan/AP Mark Lennihan/AP Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic's outset, deepening a slump that's increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. It marked the biggest …

Apple’s quarterly iPhone sales plunge 10%, but stock price surges on dividend, stock buyback news
8 months, 1 week ago

Apple’s quarterly iPhone sales plunge 10%, but stock price surges on dividend, stock buyback news

Associated Press  

Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. The 10% drop in year-over-year iPhone sales for the January-March period is latest sign of weakness in a product that generates most of Apple’s revenue. …

Apple suffers 10% drop in quarterly iPhone sales to start the year, biggest drop since pandemic
8 months, 1 week ago

Apple suffers 10% drop in quarterly iPhone sales to start the year, biggest drop since pandemic

LA Times  

The sun is reflected on Apple’s Fifth Avenue store in New York. Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. It marked the biggest drop in iPhone sales since the July-September period in …

Samsung overtakes Apple as top smartphone maker in Q1 2024
9 months ago

Samsung overtakes Apple as top smartphone maker in Q1 2024

The Hindu  

April 15, 2024 10:06 am | Updated 10:08 am IST Apple’s smartphone shipments took a hit by about 10% in the first quarter of 2024, according to a report published by Reuters on Monday, citing data from IDC. During the January- March period, Samsung reportedly captured 20.8% of the market share, clinching the top smartphonemaker position from Apple. In the …

Apple’s iPhone shipments fall 10% as android rivals rise: What's happening?
9 months ago

Apple’s iPhone shipments fall 10% as android rivals rise: What's happening?

Hindustan Times  

Apple Inc.’s iPhone shipments were down nearly 10% in the first quarter of the year, losing ground as the broader smartphone industry rebounded, according to market tracker IDC. Apple iPhones are seen inside India's first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India. The Cupertino, California-based company has struggled to sustain sales …

Apple produces over Rs. 1 lakh crore worth of iPhones under PLI scheme: Rajeev Chandrasekhar
9 months, 3 weeks ago

Apple produces over Rs. 1 lakh crore worth of iPhones under PLI scheme: Rajeev Chandrasekhar

India TV News  

Union Minister of State for Electronics and IT Rajeev Chandrasekhar on Friday announced that the production-linked incentive scheme is scaling new heights every day on production, exports, and jobs. He also said that Apple has produced over Rs 1 lakh crore worth of iPhones in 11 months of FY 24 under the PLI scheme. “PM @narendramodi ji's visionary PLI Scheme …

Apple China iPhone sales plunge 24% as Huawei's popularity surges
10 months, 1 week ago

Apple China iPhone sales plunge 24% as Huawei's popularity surges

The Hindu  

Apple's iPhone sales in China fell 24% year-on-year in the first six weeks of 2024, according to research firm Counterpoint, as the U.S. company faced increased competition from domestic rivals such as Huawei. The U.S. tech giant's chief competitor in China in premium smartphones, Huawei, saw unit sales rise by 64% in the period, according to the report. Apple "faced …

Apple China sales lag overshadows quarterly profit, revenue beats
11 months, 1 week ago

Apple China sales lag overshadows quarterly profit, revenue beats

Live Mint  

Apple on Thursday reported China sales that missed Wall Street targets, overshadowing overall sales and profit that beat analysts' targets, powered by iPhone growth. Wall Street had been targeting just under $96 billion in sales, a small year-over-year rise, according to LSEG data, compared with Apple's forecast of roughly $90 billion, which is $5 billion below last year's figure. Apple …

Apple ends yearlong sales slump with slight revenue rise in holiday-season period but stock slips
11 months, 1 week ago

Apple ends yearlong sales slump with slight revenue rise in holiday-season period but stock slips

Associated Press  

SAN FRANCISCO — Apple snapped out of a yearlong sales funk during its holiday-season quarter, propelled by solid demand for the latest model of its iPhone and still-robust growth in a services division facing legal threats that could undermine its prospects. The modest revenue growth announced Thursday as part of Apple’s October-December results ended four consecutive quarters of year-over-year sales …

Apple tops India smartphone revenue in 2023, nears $10 bn mark
11 months, 2 weeks ago

Apple tops India smartphone revenue in 2023, nears $10 bn mark

Live Mint  

Apple is projected to have pipped Samsung for the top spot in terms of revenue with almost one-third of Samsung’s total shipment volume—while Apple is said to have shipped just over 10 million iPhones last year, Samsung shipped over 27.3 million to capture 18% of the market. iPhone-maker Apple marked 2023 as the first year when it topped the smartphone …

Apple vs Samsung: iPhone maker overtakes South Korean giant as world's largest smartphone maker
11 months, 4 weeks ago

Apple vs Samsung: iPhone maker overtakes South Korean giant as world's largest smartphone maker

Firstpost  

In a historic shift, Apple’s iPhone outpaced Samsung’s smartphones to clinch the title of the world’s best-selling smartphone in 2023, marking the first time the South Korean tech giant has surrendered the top position since 2010. Meanwhile, Samsung experienced a 13.6 per cent decline in smartphone shipments, totalling 226.6 million units and securing a market share of 19.4 per cent, …

Apple's 'Made in India' iPhones contribute to Rs 65,000 crore in exports in 2023
1 year ago

Apple's 'Made in India' iPhones contribute to Rs 65,000 crore in exports in 2023

India TV News  

Apple has reportedly assembled the new iPhones which are worth more than Rs 1 lakh crore in India in 2023, as India doubles the down on local manufacturing. Riding on the local manufacturing growth, mobile phone exports from the country have surpassed USD 9 billion from April to November in the current fiscal year, as per the India Cellular and …

The beginning of the end for the iPhone? As Apple shares slump 4% after 'lacklustre' iPhone 15 sales, experts claim its smartphones have become 'formulaic' and warn customers are jumping ship to rival
1 year ago

The beginning of the end for the iPhone? As Apple shares slump 4% after 'lacklustre' iPhone 15 sales, experts claim its smartphones have become 'formulaic' and warn customers are jumping ship to rival

Daily Mail  

iPhone 15 has already been called potentially 'the biggest flop in Apple's history' Ever since the first iPhone was unveiled more than 15 years ago, Apple has had a vice-like grip on the smartphone market. IDC estimates it sold 215 million in 2023 Apple released its iPhone 15 range in September, equipped with a USB-C charging port and new artificial …

China iPhone sales strong, Apple tells investors as Huawei threat looms
1 year, 2 months ago

China iPhone sales strong, Apple tells investors as Huawei threat looms

The Hindu  

Apple said on Thursday that demand for its iPhones in China was strong, trying to reassure investors who are worried it is losing ground to a newly resurgent Huawei Technologies and other local smartphone makers. Research firm Canalys estimated that overall smartphone sales in China fell 3% in July-September from a year earlier as consumers bought fewer smartphones as an …

Apple’s sales fall for the fourth straight quarter despite a strong start for latest iPhones
1 year, 2 months ago

Apple’s sales fall for the fourth straight quarter despite a strong start for latest iPhones

Associated Press  

Apple’s sales remained on a downward slope during the summer, resulting in a full year of declining revenue at the technology trendsetter with a long history of steady growth that turned it into the world’s most valuable publicly traded company. The slight sales deterioration announced Thursday for the July-September period marked the end of Apple’s fiscal year — a stretch …

1.5 Million iPhones Were Sold In India During Festive Sales In October
1 year, 2 months ago

1.5 Million iPhones Were Sold In India During Festive Sales In October

News 18  

Apple continues to make merry in India and most of the demand is coming for the older iPhone models in the country once again. That’s right, millions of people have bought the iPhone 14, iPhone and even the iPhone 12 models over the past few weeks thanks to the special festive online sales. The details come via a report from …

Apple to scale up production over 5 times in India to USD 40 billion in five years
1 year, 3 months ago

Apple to scale up production over 5 times in India to USD 40 billion in five years

India TV News  

iPhone maker Apple has plans to scale up production in India by over five-fold to around USD 40 billion in the next 4-5 years, according to government sources. "Apple has plans to increase production in India to over USD 40 billion in the next 4-5 years. The company globally sold iPhones worth USD 191 billion and products worth USD 38.36 …

Apple cuts prices for iPhone 14 Series post iPhone 15 launch: Check details here
1 year, 4 months ago

Apple cuts prices for iPhone 14 Series post iPhone 15 launch: Check details here

India TV News  

In a move welcomed by tech enthusiasts, Apple has reduced the prices of the iPhone 14 and iPhone 14 Plus models. This came hot on the heels of the company's recent unveiling of the new iPhone 15 series during the Wonderlust event at Apple Park in Cupertino. Last September, Apple introduced the iPhone 14 and iPhone 14 Plus at starting …

Apple's upcoming iPhone 15 series could overtake Samsung in global smartphone market: Report
1 year, 4 months ago

Apple's upcoming iPhone 15 series could overtake Samsung in global smartphone market: Report

India TV News  

A recent report by market intelligence company TrendForce suggests that Apple's upcoming iPhone 15 series has the potential to challenge Samsung's long-standing position as the global market leader in smartphones. The global smartphone production industry has faced consecutive quarterly declines, with the second quarter of 2023 witnessing a 6.6 per cent drop, resulting in a total production of approximately 272 …

Apple Supplier Foxconn Begins iPhone 15 Production in India
1 year, 4 months ago

Apple Supplier Foxconn Begins iPhone 15 Production in India

Deccan Chronicle  

Apple Inc.’s next-generation iPhone 15 is beginning production in Tamil Nadu, in an effort to further narrow the gap between its India operations and main manufacturing base in China. “Apple’s increased production in India will lead to more of its supply chain moving to the country,” said Shilpi Jain, a senior analyst at Counterpoint Research. Other Apple suppliers in India …

Key iPhone Assembler Foxconn's Q2 Revenue Falls 1 Per Cent Due To Weak Demand For Electronics
1 year, 5 months ago

Key iPhone Assembler Foxconn's Q2 Revenue Falls 1 Per Cent Due To Weak Demand For Electronics

ABP News  

Key iPhone assembler Foxconn has reported one per cent fall in its second quarter net profit amid weak demand for electronics globally. The company, also the world's largest contract electronics manufacturer, beat analysts' forecasts - its net profit for the April-June quarter fell to T$33 billion from a revised T$33.29 billion in the same period last year. Foxconn shares rose …

Apple results show sales falling – but its big bet on services continues to pay off
1 year, 5 months ago

Apple results show sales falling – but its big bet on services continues to pay off

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. By contrast, Cook told Reuters that Apple‘s iPhone sales in China grew by “double digits” and that …

Apple’s iPhone 15 Could Have Lower Demand Than iPhone 14: Report
1 year, 5 months ago

Apple’s iPhone 15 Could Have Lower Demand Than iPhone 14: Report

News 18  

Apple is gearing up for the launch of the new iPhone 15 series, which should most likely happen next month. But a new industry report suggests the company could have some concerns regarding the demand of the new iPhone 15 series. Going by Kuo’s estimates, it is possible that the iPhone 15 series could shift that trajectory for Apple, forcing …

iPhone sales slow down: Apple to see sharpest fall in revenue since 2016 as analysts stress on AI to boost growth
1 year, 5 months ago

iPhone sales slow down: Apple to see sharpest fall in revenue since 2016 as analysts stress on AI to boost growth

Live Mint  

Apple is expected to see decline in iPhone sales due to cautious consumer behaviour and anticipation of new model. Apple is expected to witness a decline in iPhone sales during the April-June quarter, attributed to cautious consumer behaviour in a slow economy as the launch of a new model is anticipated. {{^adFree}} {{/adFree}} Apple, the world's most valuable company, is …

iPhones prop up Apple’s latest quarterly earnings of $94.8 billion, sales of iPads, Macs plummets
1 year, 8 months ago

iPhones prop up Apple’s latest quarterly earnings of $94.8 billion, sales of iPads, Macs plummets

Firstpost  

Apple Inc reported their earnings that have gone above forecasts on Thursday, demonstrating the tech giant’s resilience in a slowing global economy thanks to higher-than-expected iPhone sales and significant gains in India and other emerging economies. Apple’s stock gained 2 per cent after the firm topped Wall Street’s revenue and profit projections for the first quarter ended April 1. Also …

Apple makes strategic move in India, here are some challenges it faces
1 year, 8 months ago

Apple makes strategic move in India, here are some challenges it faces

Live Mint  

Apple Inc. opened its first flagship store in India in a much-anticipated launch Tuesday that highlights the company's growing aspirations to expand in the country it also hopes to turn into a potential manufacturing hub. About 600 million of India's 1.4 billion people have smartphones, “which means the market is still under-penetrated and the growth prospect is huge,” said Neil …

Apple iPhone SE 4 will not launch in 2024
2 years ago

Apple iPhone SE 4 will not launch in 2024

India TV News  

Apple, a tech giant is reportedly planning to launch the fourth-generation iPhone SE next year. According to analyst Ming-Chi Kuo, the iPhone maker has informed suppliers that it has cancelled plans to release an iPhone SE smartphone in 2024, reports MacRumors. Kuo claimed that the tech giant had intended to launch its first in-house 5G processor in the fourth-generation iPhone …

Why is apple re-evaluating the iPhone 15 lineup for 2023?
2 years ago

Why is apple re-evaluating the iPhone 15 lineup for 2023?

India TV News  

Apple Inc has been reportedly thinking of new ways to re-evaluate the upcoming iPhone 15 lineup. Apple suppliers to invest Rs 2,800 cr in UP as iPhone maker to move more manufacturing to India The tech giant has been reported to be worried about the sales performance of the iPhone 14 Plus, which is the non-Pro variant of the iPhone …

Apple suppliers to invest Rs 2,800 cr in UP as iPhone maker to move more manufacturing to India
2 years ago

Apple suppliers to invest Rs 2,800 cr in UP as iPhone maker to move more manufacturing to India

India TV News  

With Apple eyeing to ramp up manufacturing in India amid Covid-related supply chain issues in China, the Yamuna Expressway Industrial Development Authority said on Wednesday that some of Apple suppliers have applied for land with the authority, with a proposed investment of Rs 2,800 crore while generating thousands of jobs. The China upheaval, which hit its key supplier Foxconn's Zhengzhou …

Apple iPhone 14 Pro lead times slowly returning to normal in China
2 years, 1 month ago

Apple iPhone 14 Pro lead times slowly returning to normal in China

India TV News  

Tech giant Apple's iPhone 14 Pro models' lead times for deliveries have marginally decreased in China as the process of slowly restoring normal supply levels continues. Delays, which included Covid lockdowns and staff uprisings, at the Zhengzhou Foxconn facility, the largest manufacturer of the iPhone 14 Pro models, have negatively impacted Apple's supply of the iPhone 14 Pro and iPhone …

Apple's iPhone shipments seen sagging under China disruptions
2 years, 1 month ago

Apple's iPhone shipments seen sagging under China disruptions

Live Mint  

Apple Inc has warned that worker unrest at the world's biggest iPhone factory in China would impact shipments of higher-end models of the device in the holiday quarter. Here are their predictions: Wedbush Securities: Shortages to result in 5% to 10% fewer units sold in the quarter; Says shutdowns to cost Apple about $1 billion a week in lost iPhone …

Foxconn says it’s restoring production at the world’s largest iPhone factory
2 years, 1 month ago

Foxconn says it’s restoring production at the world’s largest iPhone factory

CNN  

Hong Kong CNN Business — Apple supplier Foxconn says it is “gradually” restoring production capacity at its sprawling campus in central China, which has been hit by Covid-19 restrictions and worker protests since October. The ongoing supply disruptions at Foxconn’s campus in the city of Zhengzhou were costing Apple roughly $1 billion a week in lost iPhone sales, Daniel Ives, …

Apple Could Be Forced To Fast-Forward Its Plans To Make In India Amid China Unrest
2 years, 1 month ago

Apple Could Be Forced To Fast-Forward Its Plans To Make In India Amid China Unrest

News 18  

Apple is fast forwarding its manufacturing plans in India and Vietnam in the wake of China unrest over zero-Covid policy which has severely disrupted its supply chain, leading to an acute shortage of new iPhone 14 Pro models. Apple aims to ship 40-45 per cent of iPhones from India compared with a single-digit percentage currently, according to famed analyst Ming-chi …

Apple has no easy road out of China
2 years, 1 month ago

Apple has no easy road out of China

Live Mint  

Apple Inc.’s short-term problems depend on the patience of its most lucrative iPhone buyers. Apple has been selling Pro versions of each year’s iPhone family for the past three years, using enhancements such as a more powerful camera and premium materials to command a higher price point for Pro devices compared with each year’s mainline release. That gap is even …

Apple hit by China Covid unrest, shortfall of 60 lakh iPhone pro units foreseen
2 years, 1 month ago

Apple hit by China Covid unrest, shortfall of 60 lakh iPhone pro units foreseen

Hindustan Times  

Turmoil at Apple Inc.’s key manufacturing hub of Zhengzhou is likely to result in a production shortfall of close to 60 lakh iPhone Pro units this year, according to a person familiar with assembly operations. Apple and Foxconn increased their estimates of the Zhengzhou shortfall over the past two weeks due to growing disruptions, said the person, adding that they …

Apple having tough time during the festive season, running short of 6 million units of iPhone 14 Pro
2 years, 1 month ago

Apple having tough time during the festive season, running short of 6 million units of iPhone 14 Pro

India TV News  

Apple shares reportedly sank yesterday. The news was revealed after a few reports stated that the production of the iPhone Pro might fall short by around 6 million units this holiday season. The analyst said, "In many Apple stores we are seeing major iPhone 14 Pro shortages of up to 35%-40% of typical inventory heading into December with online channels …

Apple shares slip as China factory unrest fuels iPhone supply concerns
2 years, 1 month ago

Apple shares slip as China factory unrest fuels iPhone supply concerns

Live Mint  

Shares of Apple Inc fell 1.4% on Monday as growing worker unrest at the world's biggest iPhone factory in China fanned worries of a deeper hit to the already constrained production of higher-end iPhone 14 models. Reuters reported on Friday that the Foxconn-operated plant could see a further drop in November shipments as thousands of employees quit amid discontent over …

iPhone 14 Pro lose 6 million Apple foxconn biggest factory zhengzhou China covid 19 restrictions
2 years, 1 month ago

iPhone 14 Pro lose 6 million Apple foxconn biggest factory zhengzhou China covid 19 restrictions

ABP News  

The ongoing disruption at Foxconn’s biggest iPhone manufacturing factory in the Zhengzhou district of China is set to cost dearly to Apple. The Zhengzhou Foxconn campus, which normally houses more than 200,000 employees is where the vast majority of iPhone Pro models are assembled has been hit by protests in the wake of strict Covid-19 restrictions and it will cause …

Apple iPhone Pro production shortfall estimated at 6 million units amid China tumult
2 years, 1 month ago

Apple iPhone Pro production shortfall estimated at 6 million units amid China tumult

LA Times  

Apple’s iPhone 14 Pro and Pro Max devices are the company’s most in-demand handsets this year and have picked up the slack for slumping demand for regular iPhone 14 models. Turmoil at Apple’s key manufacturing hub of Zhengzhou, China, is likely to result in a production shortfall of close to 6 million iPhone Pro units this year, according to a …

Your iPhones may remain ’out of stock’ as Foxconn unrest in China risks shipment
2 years, 1 month ago

Your iPhones may remain ’out of stock’ as Foxconn unrest in China risks shipment

Live Mint  

The world's largest Apple iPhone factory is set to see a reduction in shipment in November due to the latest unrest in China this week, according to the news agency Reuters. Foxconn's flagship iPhone plant in China has been grappling with strict Covid-19 restrictions that have fuelled discontent among workers and disrupted production ahead of Christmas and January's Lunar New …

iPhone delays weigh on Apple ahead of holiday season
2 years, 1 month ago

iPhone delays weigh on Apple ahead of holiday season

Live Mint  

Wait times for Apple Inc.’s most expensive smartphones are rising to what analysts say are record levels as the holiday shopping season kicks off, threatening to curb sales at the company’s busiest time of year and derail a rally in the stock. “This could cause some further headwinds for Apple," said Matt Maley, chief market strategist at Miller Tabak + …

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