apple plant china – pressnews

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

6Apr

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Technology

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...

Good News For India, Vietnam As Apple Suppliers Accelerate Buildup Outside China: Analysts

19Dec

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Technology

Good News For India, Vietnam As Apple Suppliers Accelerate Buildup Outside China: Analysts

[ad_1] India and Vietnam are emerging as Apple Inc.’s next manufacturing hubs as assembly partners seek to add resilience to a supply chain heavily centered on China. India and Vietnam are emerging as Apple Inc.'s next manufacturing hubs as assembly partners seek to add resilience to a supply chain heavily centered on China and shaken by its geopolitical and health challenges.Key electronics manufacturers are moving faster to diversify their capacity globally, taking advantage of local incentive policies, according to Counterpoint Research analysts Ivan Lam and Shenghao Bai. The multiyear effort, which began before Covid-19 and economically stifling lockdowns roiled China, may see leading partner Hon Hai Precision Industry Co. move as much as 30% of its capacity to those Asian nations...

Apple Stock’s Safe-Haven Status at Risk as iPhone Headwinds Mount

9Nov

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Technology

Apple Stock’s Safe-Haven Status at Risk as iPhone Headwinds Mount

[ad_1] Apple Inc.’s status as a relative haven in this year’s bear market is under threat amid growing concern that iPhone sales are weakening. Apple Inc.'s status as a relative haven in this year's bear market is under threat amid growing concern that iPhone sales are weakening, portending further declines for technology stocks more broadly. Over the weekend, the Cupertino, California-based company said Covid-related lockdowns in China would cause shipments of its newest premium handsets to be lower than previously expected. Bloomberg News also reported that due to weaker demand, Apple expects to produce at least 3 million fewer iPhone 14s this year than first anticipated. The stock rose 0.6% on Tuesday, bringing its year-to-date decline to 21%. The Nasdaq 100 Index is down 32%....

Want iPhone 14 Pro or Max? Then read this

8Nov

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Technology

Want iPhone 14 Pro or Max? Then read this

[ad_1] Apple Inc. is warning customers they'll have to wait longer to get its latest iPhone models after anti-virus restrictions were imposed on a contractor's factory in central China. Apple Inc. is warning customers they'll have to wait longer to get its latest iPhone models after anti-virus restrictions were imposed on a contractor's factory in central China. The company announcement Sunday gave no details but said the factory operated by Foxconn in the central city of Zhengzhou is “operating at significantly reduced capacity.” “We now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated,” the company said. “Customers will experience longer wait times to receive their new products.” Foxconn Technology Group said earlier it imposed anti-vi...