Apple, Inc.’s iPhone assembler Hon Hai Precision Industry Co., Ltd. turned in forecast-beating results for the first quarter, defying the odds that included COVID lockdowns in China, supply challenges, input price inflation and demand slowdown. What Happened Hon Hai, widely known as Foxconn, reported a 5 percent increase in its first-quarter net income to NT$29.45…
Apple Supplier Foxconn Weathers It All To Report Highest Quarterly Profit In 8 Years
Apple’s Newest Line Dominated iPhone Sales in Q1: What It Could Mean for Earnings
New research released ahead of Apple Inc.’s March quarter results, due on April 28, points toward strong uptake for the latest iteration of its iPhones. What Happened The entire Apple iPhone 13 lineup had the largest share of the total iPhones sold in the United States in several years, in the March quarter, market research firm Consumer Intelligence Research Partners (CIRP)…
Taiwan iPhone Maker Pegatron Suspends Operations at Two China Plants
TAIPEI—Taiwan’s Pegatron Corp, which assembles iPhones for Apple Inc, said on Tuesday it had suspended operations at its Shanghai and Kunshan plants in China due to the strict COVID-19 protocols. The Chinese regime has put Shanghai under a tight lockdown since late March and neighbouring Kunshan has also tightened curbs to control the country’s biggest…
Here’s How Analysts View Apple’s Latest Products, Services
Analysts tried to gauge the impact of Apple Inc’s products and services. Apple is exploring subscription offerings for its hardware products as early as late 2022 or 2023. Morgan Stanley analyst Katy Huberty saw that the average Apple user spent $280 on hardware and added $69 to Apple Services revenue in 2021, implying, Apple users spent slightly less than $1…
Here’s Why Apple Analysts Are Bullish Over ‘Peek Performance’ Event
Apple, Inc. announced a few breakthrough products at its Spring launch event, dubbed “Peek Performance,” held on Tuesday. Here are all the sell-side reactions to the announcements: The Apple Analysts: Morgan Stanley analyst Katy Huberty maintained an Overweight rating and $210 price target on Apple shares. Needham analyst Laura Martin has a Buy rating and…
Apple Upgrades Low-End iPhone SE With 5G, and High-End Mac Studio Computer With Faster Chip
NEW YORK—Apple Inc. on Tuesday added 5G connectivity to its low-cost iPhone SE and iPad Air and introduced a faster chip for a new desktop, a high point in Apple’s move to power its devices with microprocessors designed in house. The new Studio desktop starts at $3,999 with the new M1 Ultra chip. The iPad…
Apple Testing New Feature That Allows Masked iPhone Owners to Unlock Device Using Face ID
Apple is testing a new feature that will allow iPhone owners to unlock their device using Face ID even while wearing a mask, according to tech YouTuber Brandon Butch. The feature is part of Apple’s new set of beta trials for the next version of its operating system called iOS 15.4 and comes nearly two years after…
Apple Rivals Microsoft, Blackberry, Nokia Laughed at iPhone—15 Years Later, Here We Are
Fifteen years ago, the world was introduced to the iPhone for the very first time by Apple Inc. co-founder Steve Jobs. The iPhone Debut Jobs made the announcement that ushered the iPhone into this world on Jan. 9, 2007, and put Apple on the path to becoming the nearly $3 trillion company that it is…
Apple Puts Supplier Foxconn’s India Plant on Notice After Protests
CHENNAI—Apple said it had placed the southern Indian factory of iPhone assembler Foxconn on probation after both companies found that some worker dormitories and dining rooms did not meet required standards. Apple did not explain what probation meant. When it placed the southern India plant of another supplier, Wistron Corp, on probation after unrest last…
China Retaliates Against Lithuania’s Olympic Boycott
Americans seem to be changing their minds about the Chinese communist regime—drastically. For the first time ever, half of Americans consider it the top threat to the country. The Chinese Communist Party says China is a democracy in its own form, as Beijing complains about a freedom summit hosted by the United States. One nation…
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