iPhone maker – Page 2

Luxshare says client cooperation normal after reports of Apple cutting production

6Jan

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Technology

Luxshare says client cooperation normal after reports of Apple cutting production

[ad_1] After Apple's cutting production reports, Luxshare Precision Industry Co Ltd said on Thursday its cooperation with current clients is normal. Chinese contract manufacturer Luxshare Precision Industry Co Ltd said on Thursday its cooperation with current clients is normal, responding to media reports saying that iPhone-maker Apple Inc was cutting production. Apple has told suppliers to manufacture fewer components for its ear buds, watches and laptops as a sluggish global economy and high inflation may be hurting demand for Apple devices, Nikkei reported, citing unnamed suppliers. [ad_2] Source link

Violence at China iPhone plant as FURIOUS workers smash spy cameras

23Nov

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Technology

Violence at China iPhone plant as FURIOUS workers smash spy cameras

[ad_1] In shocking scenes of violence, men wielding sticks smashed surveillance cameras and windows at an Apple iPhone supplier Foxconn plant in the Chinese city of Zhengzhou. In shocking scenes of violence, men wielding sticks smashed surveillance cameras and windows at an Apple iPhone supplier Foxconn plant in the Chinese city of Zhengzhou. Scenes broadcast live on the Kuaishou short video platform showed on Wednesday.Hundreds of workers protested at the campus, home to the world's largest iPhone factory, where many chanted "give us our pay". They were surrounded by people in full hazmat suits, some carrying batons. The images, which could not immediately be verified by Reuters, come after weeks of turmoil which have seen scores of employees flee the factory over COVID-19 controls....

Apple’s Brain Drain Hinders Efforts to Pick Its Next Jony Ive

9Nov

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Technology

Apple’s Brain Drain Hinders Efforts to Pick Its Next Jony Ive

[ad_1] Company searches for a new design chief after Ive’s successor departs following three-year stint. Turnover at Apple Inc. has hindered efforts to replace the head of product design, leaving a gaping hole at the helm of a prominent team that's been key to the iPhone maker's prolonged success. Legendary design leader Jony Ive departed Apple in 2019, and his replacement for hardware design lasted just about three years. Now the department — still in Ive's shadow — needs a new leader at a time when there are few obvious choices. And the fate of Apple's hardware devices, which accounted for more than three-quarters of its nearly $400 billion in revenue last year, hangs in the balance. Evans Hankey, who has held the job since Ive left, informed Apple last month that she will be d...

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

31Oct

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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, ...

Meta Slams Apple for ‘Undercutting Others’ With Ad Policy

26Oct

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Technology

Meta Slams Apple for ‘Undercutting Others’ With Ad Policy

[ad_1] Meta Platforms Inc. criticized Apple Inc. for changing its App Store terms to take a portion of social-media advertising revenue, saying the iPhone maker was “undercutting others in the digital economy. ”The policy change, disclosed this week, requires users and advertisers to make an in-app purchase when they pay to “boost” posts in apps like TikTok and Meta's Instagram. Apple takes a commission of as much as 30% on in-app purchases, meaning a company like Meta would lose a portion of its ad revenue to the iPhone maker. “Apple previously said it didn't take a share of developer advertising revenue, and now apparently changed its mind,” Meta, which also owns Facebook and WhatsApp, said in a statement Tuesday. “We remain committed to offering small businesses simple ways to run a...

Foxconn Unveils Pickup, Crossover Models to Expand EV Lineup

19Oct

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Technology

Foxconn Unveils Pickup, Crossover Models to Expand EV Lineup

[ad_1] Foxconn took the wraps off two new electric vehicles, prototypes that embody the iPhone maker’s ambitions. Foxconn Technology Group took the wraps off two new electric vehicles on Tuesday, prototypes that embody the iPhone maker's ambitions of carving out a slice of a market led by the likes of Tesla Inc. The company, whose main listed arm is Hon Hai Precision Industry Co., unveiled the Model B crossover SUV and Model V pickup truck at its event in Taipei. Foxconn founder Terry Gou, 72, introduced the Model B by driving it onto the stage. The pickup will be produced in Taiwan, Thailand and the US, Hon Hai Chairman Young Liu said. Foxconn is hoping to replicate the way it muscled into electronics assembly to become the biggest manufacturing partner for Apple Inc. and other ...

Apple’s Ugly Day Wipes Out $120 Billion, Spills Over Big Tech

30Sep

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Technology

Apple’s Ugly Day Wipes Out $120 Billion, Spills Over Big Tech

[ad_1] Apple Inc. shares buckled after a rare analyst downgrade exacerbated another wave of selling pressure. Apple Inc. shares buckled after a rare analyst downgrade exacerbated another wave of selling pressure that wiped out hundreds of billions of dollars in market value from the largest US technology stocks. The iPhone maker dropped 4.9% after Bank of America cut its rating to neutral from buy, warning of weaker consumer demand for its popular devices. The selloff erased roughly $120 billion from Apple's market capitalization. There were few places to hide on Thursday with investors dumping stocks as Federal Reserve officials continue to talk tough on raising interest rates in the central bank's fight against inflati...