Foxconn is a leading ODM that manufactures millions of iPhones every year in China. Due to Coronavirus outbreak, Foxconn last week announced that it is extending the leave of its factory workers until Feb 9th. While everyone was expecting Foxconn to restart its production facilities from tomorrow (Feb 10th), Chinese government has now ordered Foxconn not... Continue Reading →
AAPL drops premarket as Credit Suisse analyst claims China iPhone shipments fell >35% last month
This week, a few different financial analysts are reporting pessimism towards Apple iPhone 11 shipments. Rosenblatt reported that Apple is reducing production by about 25%. Today, Credit Suisse analyst Matt Cabral said that shipments of iPhone in China fell more than 35% in November, compared to the same month in 2018. Apple infamously suffered a... Continue Reading →
Chinese government to dump all Windows PCs by 2022
The Chinese Communist Party Central Office has ordered all government services to replace all computers running non-Chinese software and operating systems within the next 3 years, reports AFR. The move to force China to replace Windows PCs comes in response to increasing pressure by USA on Chinese technology companies like Huawei which restricted their access... Continue Reading →
AAPL shares slide as trade tensions increase between the US and China
As trade negotiations continue between the United States and China, AAPL shares experienced their largest drop since August to this week. This drop comes as Donald Trump suggested he is in no rush to come to a trade agreement with China, and that he might even wait until 2020 to do so. As detailed by... Continue Reading →
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