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iPhone Exports From India Double, Predicted To Hit Record $13B This Year As Apple's Pivot Away From China Pays Off
Monday, May 13, 2024 - 5:37am | 399This story was first published on the Benzinga India portal. Apple Inc. (NASDAQ: AAPL) has reported a remarkable surge in its iPhone exports from India, with the figures for April nearly doubling to $1.1 billion, up from $580 million in the previous year. As reported by The Economic Times, this...
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Samsung Strikes Gold In India's Manufacturing Drive With A $72.3M Production Incentive Payout
Monday, August 14, 2023 - 4:11am | 320This story was first published on the Benzinga India portal. The Indian government will give the South Korean tech giant, Samsung Electronics Co. Ltd (NYSE: SSNLF), a whopping $72.3 million, marking the largest payout under the production-linked incentive (PLI) scheme...
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Apple Can't Seem To Cut Ties With China: Tech Giant Reportedly Teams Up With Chinese Manufacturer For AR Product
Thursday, February 23, 2023 - 5:47am | 459Apple Inc. (NASDAQ: APPL) was proactively looking to reduce its reliance on Chinese suppliers against the backdrop of simmering political tensions between the country and the U.S. Now, it appears that the tech giant has settled for a Chinese supplier for its augmented reality, or AR,...
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7 Stocks Most Likely To Be Impacted By iPhone 14 Delays
Thursday, May 26, 2022 - 5:55pm | 425As the largest tech company in the world, Apple Inc (NASDAQ: APPL) has a global reach, unlike any other company. Because of its scale, Apple has a bigger market share of the global supply chain than most companies, allowing it to demand higher quality products and impose harsher terms on its...
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iPhone Development Said To Take Hit From China Lockdowns; Apple Asks Suppliers To Speed Up
Wednesday, May 25, 2022 - 5:53am | 369Apple Inc (NASDAQ: AAPL) is reportedly asking its suppliers to speed up production as Chinese Premier Xi Jinping's Zero COVID policy hampers manufacturing business around the country. What Happened: According to Nikkei Asia, the tech giant has instructed its suppliers to speed up the...
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Can Apple Overcome Weak Demand For iPhone SE And Supply Disruptions For Its Other Products?
Thursday, April 14, 2022 - 4:04pm | 414As some parts of China went into lockdowns, Apple Inc.'s (NASDAQ: AAPL) supply chain partners had to shutter operations. This has engendered fears regarding whether the tech giant can produce enough to meet surging demand for its hardware products. What Happened: Apple's budget model...
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Taiwan Suffers Fallout From China COVID-19 Lockdowns As 11 Firms Said To Suspend Production
Wednesday, April 13, 2022 - 1:30am | 338As the COVID-19 lockdown continues in China's financial center Shanghai, more and more companies have been forced to halt production. What Happened: At least 11 Taiwanese companies, mostly making parts for electronics firms, said the lockdown in China had led them to suspend production,...
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Tesla Supplier Pegatron To Make Components For The EV Maker In Texas: Report
Wednesday, April 14, 2021 - 3:56am | 297Pegatron Corp has chosen a site in El Paso Texas, Texas to build a facility that will supply components for Elon Musk’s Tesla Inc (NASDAQ: TSLA), Reuters reported on Tuesday — citing a Taiwanese newspaper. What Happened: The report says Pegatron had in November revealed that...
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Apple Supplier Pegatron Prepares To Make iPhones In India With $150M Investment
Thursday, January 21, 2021 - 4:15am | 415Apple Inc (NASDAQ: AAPL) supplier Pegatron has leased half a million square feet of space in an industrial park in Chennai to set up new manufacturing facilities, India's Financial Express newspaper reported Thursday (tocal time). What Happened: The move comes as part of the ...
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Apple Puts iPhone Maker Pegatron On Probation Over Labor Violations
Monday, November 9, 2020 - 2:00am | 325Apple Inc. (NASDAQ: AAPL) has put a key Taiwanese supplier — Pegatron Corp.— on probation after it discovered cases of labor violations, Bloomberg reported early Monday. What Happened: The violations were related to a student worker program and Apple said it wouldn’t resume the...
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Bitter Bite: Qualcomm Updates Q3 Guidance On Apple Interference
Friday, April 28, 2017 - 9:11am | 416QUALCOMM, Inc. (NASDAQ: QCOM)'s ongoing dispute with Apple Inc. (NASDAQ: AAPL) prompted the smartphone component maker to lower its third-quarter guidance. Qualcomm disclosed earlier this month Apple's ODM partners including Foxconn and Pegatron underpaid Qualcomm around $1 billion, the amount...
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Drexel Hamilton's Apple Monitor Shows October Sales 'Slightly Below Historical Seasonality'
Thursday, November 10, 2016 - 1:02pm | 411Drexel Hamilton said in a note released on Thursday that the most recent Apple Inc. (NASDAQ: AAPL) Monitor showed October sales trending slightly below historical seasonality. October Softness Came After Strong September Analyst Brian White noted that the final October sales rose 6 percent month-...
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Taiwan's Stock Market Surges Following Reports Apple Supply-Chain Manufacturers Told To Expect Massive iPhone 7 Output
Monday, May 23, 2016 - 8:45am | 217Taiwan's stock exchange jumped higher on Monday as the country's main index, the TSEC, gained 2.62 percent. Investors were buying high tech stocks and key members of Apple Inc. (NASDAQ: AAPL)'s supply chain after Taiwan's Economic Daily said that suppliers to the iPhone 7 device were told to...
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Apple Suppliers Reportedly Ramp Up Hiring For iPhone 7
Tuesday, May 17, 2016 - 4:23pm | 258Suppliers of Apple Inc. (NASDAQ: AAPL) have initiated wide-scale hiring to build iPhone 7 series, according to a report on CNBC. The report cited a job ad on the website for Foxconn's Zhengzhou, China, factory, which read, "Foxconn Zhengzhou is hiring a large number of ordinary workers...
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Smartphone Suppliers Are Screaming The Market Has Gone From Bad To Worse
Wednesday, May 11, 2016 - 9:18am | 346Apple Inc. (NASDAQ: AAPL) investors appear to be preparing for the possibility of declining iPhone sales in the near term. The question that the broader investment community continues to ask is if the prospect of declining smartphone sales is a problem related only to Apple or is it an industry-...