Tag: iPhone china plant

Apple and Oppo Battle for Top Spot in China Phone Market
28Apr By adminNo Comments
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...
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iPhone SOS! Foxconn Seen Risking 20% Sales Drop in Worst-Case Covid Shutout
8Nov By adminNo Comments
Technology

iPhone SOS! Foxconn Seen Risking 20% Sales Drop in Worst-Case Covid Shutout

[ad_1] Morgan Stanley analysts have put a value on how much revenue is at risk for Foxconn Technology Group if its Zhengzhou operation is unable to ship any iPhones. Morgan Stanley analysts have put a value on how much revenue is at risk for Foxconn Technology Group if its Zhengzhou operation is unable to ship any iPhones for the rest of the year as it battles a coronavirus outbreak. Though deemed unlikely, the worst-case scenario for Foxconn's main listed unit, Hon Hai Precision Industry Co., would result in a 20% shortfall in expected sales for the current quarter, analysts led by Sharon Shih wrote in a research note Nov. 7. That would also entail a 36% drop in revenue from production of Apple Inc.'s iPhone. Foxconn, the Taiwanese manufacturer best known for being Apple's key d...
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iPhone Maker Lifts Wages, Preps Backup for Covid-Hit China Plant
31Oct By adminNo Comments
Technology

iPhone Maker Lifts Wages, Preps Backup for Covid-Hit China Plant

[ad_1] Foxconn is preparing to bring backup production online and raise wages, after an exodus of workers threatened to disrupt an iPhone plant. Foxconn Technology Group is preparing to bring backup production online and raise hourly wages by more than a third, after an exodus of workers threatened to disrupt output at the world's largest iPhone plant ahead of the holidays. Foxconn, whose listed vehicle is Hon Hai Precision Industry Co., is grappling with mounting concern that a Covid flare-up at its main Zhengzhou plant could hurt production just as Apple Inc. gears up for the crucial year-end season. Its shares fell 1.4% Monday, the worst decline in three weeks. Social media erupted over the weekend with photos and videos of workers departing the Zhengzhou plant, some on foot, ...
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Workers Flee Biggest iPhone Plant in China to Escape Covid Curbs
30Oct By adminNo Comments
Technology

Workers Flee Biggest iPhone Plant in China to Escape Covid Curbs

[ad_1] Workers are departing Apple Inc.’s biggest iPhone plant in China, seeking to escape hastily enacted Covid measures. Workers are departing Apple Inc.'s biggest iPhone plant in China, seeking to escape hastily enacted Covid measures that left many of the 200,000 staff grappling with inadequate living conditions. Local authorities from several regions in the central Henan province said they will receive homebound workers from Foxconn Technology Group after strict Covid curbs were imposed at the world's largest iPhone plant in Zhengzhou to quell an outbreak, according to official posts online. At least six counties and cities in Henan asked residents who just left Foxconn to contact local authorities before going home. Workers will be sent to several days of mandatory isolatio...
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