Taiwan’s Foxconn Technology Group, the world’s largest electronics manufacturer and Apple’s main supplier, has again suspended operations at two of its factories in Kunshan, China, after the Chinese Communist Party (CCP) implemented strict quarantine rules in parts of the country to combat the spread of the Omicron variant of the virus in March. On April 22,…
Shutdown of Foxconn’s Factories in China Threatens Apple’s Supply Chain
April 26, 2022
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Apple Retail Employees in Atlanta Attempt to Organize First Union in the US
April 21, 2022
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Apple store employees at the Cumberland Mall in Atlanta filed a petition with the National Labor Relations Board (NLRB) on April 20 to hold a union election amid a wave of unionization attempts at retail stores across the country. If the vote is successful, the workers would be the first Apple retail store to unionize…
Apple, Other Manufacturers Face Major Shipment Delays as CCP Quarantine Policies Squeeze Suppliers
Electronics giants like Apple, Dell, and Lenovo, will likely face serious shipping delays if the Chinese communist regime’s zero-tolerance COVID policies and subsequent lockdowns persist. The harsh restrictions are forcing manufacturers and suppliers to shut down, and closed loop arrangements become harder to maintain, analysts say. The CEOs of Huawei and XPeng are also warning…
Tesla to Seek Shareholder Approval for Stock Split; Shares Surge
Tesla Inc. will seek investor approval to increase its number of shares to enable a stock split in the form of a dividend, the electric-car maker said on Monday, sending its shares up about 5 percent. The plan came as the company suspended its Shanghai factory amid COVID-19-related lockdown measures and its artificial intelligence head…
Dutch Consumer Watchdog Gives Apple Fifth $5.7 Million Fine in App Store Dispute
AMSTERDAM—The Dutch antitrust watchdog fined Apple 5 million euros ($5.7 million) on Monday, the fifth such penalty in successive weeks in a row over access to non-Apple payment methods for subscriptions to dating apps. The Authority for Consumers and Markets (ACM) says the iPhone maker is abusing a dominant market position by failing to allow…
Dutch Foundation Seeks Consumer Damages Over Apple, Google App Payments
AMSTERDAM—Apple and Google face a potential class-action lawsuit in the Netherlands over app store charges, after a foundation headed by Dutch entrepreneur Alexander Klöpping began gathering claimants. The action, which still faces legal hurdles before any court hearing, reflects growing criticism over how much the two firms charge developers for payments on their app stores,…
You Ask, We Analyze: Why Apple Stock May Remain Volatile Heading Into Fed Meeting, Monthly Opex
On Monday evening, Benzinga asked its followers on Twitter what they’re buying at the open on Friday. From the replies, Benzinga selected one ticker for technical analysis. @NGluckin and @_TradeWolf_ are buying Apple Inc. On Tuesday, Deutsche Bank analyst Sidney Ho reiterated its Buy rating and upped Apple’s price target from $175 to $200. This…
Apple Submits Plans to Allow Alternative Payment Systems in South Korea: Regulator
SEOUL—South Korea’s telecommunications regulator said on Tuesday Apple Inc. had submitted plans to allow third-party payment systems on its App Store to comply with a law banning major app store operators from forcing software developers to use their payments systems. The Korea Communications Commission (KCC) had requested Apple and Alphabet’s Google to submit compliance plans…
Read What Evercore Said on Apple App Store Growth
Evercore ISI analyst Amit Daryanani estimates that Apple Inc’s App Store revenue slowed to a growth rate of 9 percent in December. Daryanani saw App Store Growth decelerate in both Q4 of 2021 and Q1 of 2022; single digits are lower than his expectation for growth of 10 percent—15 percent last month and “makes December the first month…
Robust iPhone Demand, Services Will Chart Apple’s Course in 2022: Wedbush
Apple Inc. analyst Dan Ives says he is focusing on the “robust consumer demand story” shaping up for iPhone 13 into 2022 instead of focusing on supply chain shortages. Apple Analyst Ives maintained his “Outperform” rating and $200 price target, while his bull case for Apple remains $225. Apple Thesis Ives said Wedbush’s recent supply…
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