Continuing the gradual processing of re-opening its stores, late on Sunday Apple Inc said, it plans on reopening more than 25 of its branded stores in the United States later this week, in a development that will see Cupertino open… Read More ›
Apple Inc
Coronavirus having cascading effect on South Korean supply chains
China’s coronavirus is dealing blow after blow to South Korean multinational giant LG Electronics Inc, an Apple Inc supplier. The initial outbreak forced LG to shutter its China factory for almost three weeks to help contain the spread of the… Read More ›
Apple unlikely to meet revenue guidance because of coronavirus
Weakening demand in China along with lost production due to China’s coronavirus has prompted Apple Inc to revise its sales target which it set just three weeks ago. So far the coronavirus pandemic has killed 1,770 people in China with… Read More ›
Foxconn’s Zhengzhou plant resumes operations
On Monday, as per a source with direct knowledge of the matter at hand, Foxconn has received approval to resume production at its plant in Zhengzhou in northern China. Around 16,000 people have returned to the plant, said the source… Read More ›
Taiwan’s Wistron Corp sets up second iPhone plant in India
In a development that marks Apple Inc’s push to expand its manufacturing in India – the world’s second biggest phone market, Taiwan’s Wistron Corp stated, it plans on assembling printed circuit boards (PCBs) for Apple’s iPhones at its new factories… Read More ›
Japan Display’s creditors to extend credit for 3 more months: Sources
On Friday, according to two sources with direct knowledge of the matter at hand, Japan Display Inc, an Apple supplier, is likely to get a three-month extension in credits worth $985 million (107 billion yen) from its three main creditors…. Read More ›
Apple to expand operations in India: Indian Information Technology minister
In a statement, India’s information technology minister Ravi Shankar Prasad disclosed, Apple Inc will be expanding its operations in the country. Salcomp, one of Apple’s suppliers, plans on opening a plant near Chennai in southern India. Salcomp, which makes components… Read More ›
China not stepping up in trade negotiations: Trump
In a warning shot, U.S. President Donald Trump sent a clear message to China when he said, a U.S.-China trade deal is still elusive because Beijing still thinks it can get away with stealing U.S. intellectual property and is not… Read More ›
Tim Cook met China’s chief market regulator in Beijing
China is a crucial market for Apple, one in which it has been steadily losing market share. On Friday, China’s chief market regulator Xiao Yaqing disclosed, he had met up with Tim Cook, Apple Inc’s Chief Executive, in Beijing on… Read More ›
Austrian sensor specialist AMS triggers bidding war for Osram
The acquisition makes sense for AMS since it sees synergy with Osram sensor solutions and photonics businesses especially in the emerging self-driving market. Austrian sensor specialist AMS’ offer to acquire Germany’s Osram has trigerred a bidding war for the German… Read More ›
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