Chinese government blocks Conn's plan to restart iPhone production

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 →

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