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iPhone Maker Foxconn Makes Masks For Chinese Employees, Forces Them To Return To Work
Friday, February 7, 2020 - 7:02am | 604Read More...Electronics manufacturer Hon Hai Precision Co. Ltd. (OTC: HNHPF), better known as Foxconn, is making its own line of surgical masks as it seeks to restart production in China. What Happened Foxconn has been running test production of the masks at its Lunghua manufacturing centre since February 5,...
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Fiat Chrysler In Talks With Apple Supplier Foxconn To Make EVs In China
Friday, January 17, 2020 - 11:07am | 397Read More...The Chinese electric vehicle space is getting crowded. Given the scope and opportunity presented by China, which boasts more than half of global EV sales, it's only logical that major automakers will make a beeline to the burgeoning market. Fiat Chrysler Automobiles NV (NYSE:...
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Watchdog Group Alleges Labor Violations In iPhone Manufacturing; Apple Says Report Mostly False
Monday, September 9, 2019 - 10:38am | 461Read More...Apple Inc. (NASDAQ: AAPL) responded to a China Labor Watch report Monday, saying that "most of the allegations" of Cupertino violating Chinese laws are false, CNBC reported. What Happened New York City-based CLW said in a report over the weekend that it has evidence the upcoming...
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Indian iPhone Production Boosts DA Davidson's Confidence In Apple
Friday, December 28, 2018 - 11:46am | 486Read More...A report that Apple Inc. (NASDAQ: AAPL) contract manufacturer Foxconn will start assembling products, including the iPhone X, in India in the coming year boosts confidence in Apple’s stock, says D.A. Davidson, which reiterated its Buy rating on Apple on Friday. The Analyst D.A. Davidson...
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Report: Apple Down On Reduced iPhone X Forecast
Tuesday, December 26, 2017 - 10:11am | 386Read More...Shares of Apple Inc. (NASDAQ: AAPL) were trading lower by more than 2.5 percent ahead of Tuesday's market open after a concerning report from Taiwan's Economic Daily News. What You Need To Know Apple may have lowered its first quarter iPhone sales forecast from 50 million units to 30...
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Apple's Suppliers Are Feeling The Heat Amid A Poor iPhone 8 Debut
Tuesday, September 26, 2017 - 9:36am | 414Read More...Apple Inc. (NASDAQ: AAPL)'s iPhone 8 debut is off to a rocky start as the phone's features are "lackluster" versus its competitors, according to Bloomberg News' Mark Gurman. While it may be true that many iPhone buyers are holding out a few weeks for the higher-end iPhone X...
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Foxconn Earnings Weren't Great, Offer Few Hints About iPhone 8 Demand
Monday, August 14, 2017 - 9:08am | 308Read More...Foxconn Technology Group, also known as Hon Hai Precision Industry, is a key member of Apple Inc. (NASDAQ: AAPL)'s supply chain and some investors pay close attention to the Taiwan-based company for any iPhone related hints in its news releases and earnings reports. On Friday, Foxconn announced a...
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Boon Or Boondoggle? Wisconsin Won't See A Return On Investment In Huge Foxconn Plant For A Quarter Century, Study Shows
Friday, August 11, 2017 - 11:05am | 543Read More...Wisconsin won’t break even on the huge incentives it’s offering Taiwan’s Foxconn to build a new plant in the state until 2042, a study concludes, and local media report that the proposal now may not even have enough votes to pass the legislature. President Donald Trump had...
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Time Of The Season: Apple's Q3 A Prelude To Anxiously Awaited September
Tuesday, August 1, 2017 - 1:54pm | 453Read More...Like barbecue equipment and snow shovels, the price of Apple Inc.(NASDAQ: AAPL) tends to be influenced by the season, with the upcoming third-quarter report likely to be relatively weak in the run-up to a big final quarter, an analyst said Tuesday. "Q3 tends to be seasonally weak for Apple as...
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Apple Contractors Gang Up On Qualcomm, File Antitrust Complaint
Wednesday, July 19, 2017 - 10:47am | 438Read More...Apple Inc. (NASDAQ: AAPL) now has some back up in its legal fight. Four iPhone and iPad manufacturers thrust their weight behind the tech giant in its legal battle with QUALCOMM, Inc. (NASDAQ: QCOM). Compal Electronics Inc, Pegatron Corp, Wistron Corp, and Foxconn parent Hon Hai Precision Industry...
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Toshiba's Chips Are Past Their Sell-By Date, And Investors Are Buying American
Wednesday, June 28, 2017 - 10:24am | 529Read More...Turmoil in Japan has semiconductor stocks on the move, as Toshiba faces pressure on two fronts over the sale of its highly-prized chip business. The company failed to sell the business by Wednesday, a self-imposed deadline coinciding with its annual shareholder meeting. The Offers Toshiba had no...
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NYU Student Who Went Undercover In China Says Manufacturing Jobs Can't Come Back To The U.S.
Monday, May 1, 2017 - 10:17am | 478Read More...A student at NYU named Dejian Zeng spent six weeks assembling Apple Inc. (NASDAQ: AAPL) devices at the company's manufacturing facility in China as part of an undercover project. Zeng's project was part of a joint project with China Labor Watch and hoped to expose and show the world what is...
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Bitter Bite: Qualcomm Updates Q3 Guidance On Apple Interference
Friday, April 28, 2017 - 9:11am | 416Read More...QUALCOMM, 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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Foxconn's U.S. Labor Payroll Could Cost 3 Times As Much As Chinese Equivalent
Monday, January 23, 2017 - 4:10pm | 547Read More...For the last few years, investigators have kept an eye on Foxconn Technology Co Ltd (which trades on the TPE under stock symbol 2354), the allegedly poor working conditions and employee suicides of which have raised red flags among Chinese rights activists. Based on mounting charges against the...
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Apple Sells Its 1 Billionth iPhone
Thursday, July 28, 2016 - 8:13am | 323Read More...Apple Inc. (NASDAQ: AAPL) reported on Tuesday better-than-expected third-quarter earnings results, and as an appropriate follow up, the company said it has officially sold more than one billion iPhone devices. Apple said in a press release that at some point last week the company sold the billionth...
















