apple factory china

Apple and Oppo Battle for Top Spot in China Phone Market

28Apr

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Technology

Apple and Oppo Battle for Top Spot in China Phone Market

[ad_1] Apple Inc. and Oppo were the top smartphone makers in China over the first quarter, in a market that's still shrinking following a year of economic disruptions.Shenzhen-based Oppo had the biggest share of shipments, at 19.6%, according to IDC's latest figures, with Apple's iPhone following close behind. Counterpoint and Canalys estimates, which look at sales and shipments, handed Apple the narrow lead. The US electronics firm clinched the top spot in the final three months of last year following the release of its iPhone 14 and 14 Pro series. The Chinese smartphone market registered double-digit contractions for most of the past year, first with steep drops in sales of Android handsets, such as those made by Oppo, and eventually impacting even Apple's iPhone range. Shipments to m...

iPhone Maker Foxconn Barely Grows Sales as Tech Demand Withers

[ad_1] Hon Hai Precision Industry Co. increased revenue by only 3.9% last quarter, underscoring how fears of a recession are crimping demand for iPhones and other consumer electronics.The world's largest maker of Apple Inc. 's devices, known also as Foxconn, reported revenue of NT$1.46 trillion ($48 billion) for the usually slower March quarter. That's down steeply even from the previous three months, when a Covid outbreak prompted protests at its main Zhengzhou facility in central China, disrupting iPhone production for weeks. That complex, known as “iPhone City” for being the largest global production site for Apple's marquee device, resumed normal operations only in January. Analysts estimated revenue of NT$1.45 trillion on average for the first three months of the year. Hon Hai also...

China widens COVID curbs, Apple factory unrest adds to economy worries

[ad_1] Chinese authorities imposed more restrictions on Wednesday to rein in a rapid rise in COVID-19 infections, adding to investors' worries about the economy. Chinese authorities imposed more restrictions on Wednesday to rein in a rapid rise in COVID-19 infections, adding to investors' worries about the economy just as fresh unrest at the world's largest iPhone factory highlighted the social and financial toll of these curbs.Across China, cities including the capital Beijing and financial hub Shanghai have closed malls and parks, and imposed limits on the movement of people arriving from elsewhere as infections neared record highs last seen in April. The measures are darkening the outlook for the world's second-largest economy and dampening hopes that China would significantly ease...