Apple China factory

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…

iPhones made in India increased in volume and value last year as Apple moved to shift some of its production away from China to diversify its supply chain, South China Morning Post reported.In 2022, the shipment volumes of iPhones manufactured in India increased by 65 per cent year on year. In addition, the value of iPhones rose by 162 per cent, South China Morning Post reported citing a report published by market research firm Counterpoint last week. Last year, Apple accounted for 25 per cent of the value of India's…

Apple's top executive is leaving the iPhone maker to join Roblox Corp., adding to a string of recent high-profile departures. Apple Inc.'s top executive in charge of media-related software technology is leaving the iPhone maker to join Roblox Corp., adding to a string of recent high-profile departures. John Stauffer is exiting Apple after about 24 years to become a vice president of engineering at the online gaming platform. He was one of a handful of company vice presidents to report directly to software…

Apple Inc's wide exposure to Chinese manufacturing, notable both for its low costs and rising risks, has receded. Apple Inc's wide exposure to Chinese manufacturing, notable both for its low costs and rising risks, has receded since the COVID-19 pandemic began, company supply chain data shows. With the world's biggest iPhone factory, operated in central China by Foxconn, battling production shortfalls and labour unrest spurred largely by Beijing's harsh virus containment policies, analysts expect the risks - and…

Apple CEO Tim Cook is in Washington to meet with top Republican lawmakers as the company seeks to forge ties with the GOP ahead of the party’s takeover of the House. Apple Inc. Chief Executive Officer Tim Cook is in Washington to meet with top Republican lawmakers, according to people familiar with his visit, as the company seeks to forge ties with the GOP ahead of the party's takeover of the House early next year. Cook has scheduled sessions with Republican Representatives Jim Jordan of Ohio, Darrell Issa of…

Employees are leaving a vast Foxconn iPhone factory in central China over working conditions and Covid restrictions, relieved to be taking pay-offs home after angry protests at the Taiwanese tech giant's plant.The workers are leaving the plant in Zhengzhou in the wake of bloody clashes with police, in which more than a dozen protesters were hurt, furious about Foxconn's failure to deliver promised bonuses, employees told AFP. "The contract suddenly changed and everyone was unhappy, in addition the previous incidents at…

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…

Taiwanese tech giant Foxconn said it was working quickly to resume full production at its giant factory in central China before the crucial holiday season. Taiwanese tech giant Foxconn, a principal Apple subcontractor, said Thursday it was working quickly to resume full production at its giant factory in central China before the crucial holiday season. Foxconn, also known by its official name Hon Hai Precision Industry, is the world's biggest contract electronics manufacturer assembling gadgets for many…

Apple supplier Foxconn said on Thursday it expected smartphone revenue to fall this quarter and is adjusting production to prevent recent COVID-19 curbs. Apple Inc supplier Foxconn said on Thursday it expected smartphone revenue to fall this quarter and is adjusting production to prevent recent COVID-19 curbs at a massive iPhone factory in China from impacting holiday orders.Foxconn has grabbed headlines in recent weeks, with tight virus restrictions at its Zhengzhou plant, the world's largest iPhone factory,…

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…