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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…

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.…

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…

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…

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…