Foxconn has halted operations in the Chinese business center of Shenzhen after authorities announced a partial lockdown due to a rise in COVID-19 cases across the country, fueled by the highly transmissible Omicron variant. In a March 13 statement, a spokesperson for the Taiwan-based Foxconn, also known as Hon Hai Precision Industry Co., said it was suspending production…
Apple Supplier Foxconn Halts Operations at Its Shenzhen Sites Due to COVID-19 Lockdown
March 14, 2022
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Apple May Not Launch Next Mac Mini Until 2023, Says Analyst
Apple Inc. may not launch the updated Mac Mini until next year, prominent analyst Ming-Chi Kuo has predicted. What Happened Apple could launch the Mac Mini along with the Mac Pro and iMac Pro in 2023, according to Kuo. Further, the analyst predicted that Apple may not launch new mini-LED products this year due to…
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…
South Korea Approves Rules on App Store Law Targeting Apple, Google
March 10, 2022
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SEOUL—South Korea approved detailed rules for a law banning dominant app store operators such as Apple Inc. and Alphabet’s Google from forcing software developers to use their payments systems, the country’s telecommunications regulator said on Tuesday. South Korea passed the law, an amendment to the Telecommunication Business Act, last year. It was the first such…
Here’s How Wedbush Views Apple Ahead of Its March 8 Event
Wedbush analyst Dan Ives rated Apple Inc. as Outperform with a $200 price target (22.6 percent upside). The iPhone maker is set to host a virtual product event tomorrow, where it will likely unveil a new iPhone SE with 5G capabilities and a new iPad Air and some Macs using its M-series of chips. The event will add…
Why Apple, Microsoft and Other Big Buyback Stocks Are Crushing the S&P 500’s Returns
Some long-term valuation models are projecting negative overall returns for the S&P 500 over the next decade. Analysts are expecting rising interest rates to weigh on earnings growth, so companies may start turning to more aggressive share buybacks to boost EPS. Deep Pockets In the third quarter of 2021, Apple Inc. led all S&P 500…
A Bullish Sign for Apple, Meta Platforms and PayPal Stocks: What the Charts Are Saying
Apple, Inc., Meta Platforms, Inc. and PayPal Holdings, Inc. are all trading higher in strong uptrends. An uptrend occurs when a stock consistently makes a series of higher highs and higher lows on the chart. The higher highs indicate the bulls are in control while the intermittent higher lows indicate consolidation periods. Traders can use moving…
Chart Wars: Between Apple and Microsoft, Which Tech Stock Offers Better Risk-Reward?
March 2, 2022
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Apple Inc. and Microsoft Corporation were trading up 1.62 percent and 1.44 percent off the open, respectively, early on Monday morning but began to sink slightly by midday following reports that the negotiations between Russian and Ukrainian delegations sent to Belarus won’t immediately result in any agreement between the two countries. The SPDR S&P 500,…
Apple Halts Sale of All Products in Russia, Ford Suspends Operations
Apple announced Tuesday that it will halt the sale of all of its products in Russia, while global users will no longer be able to download state-backed media outlets RT News and Sputnik News from its app stores in the wake of Moscow’s invasion of Ukraine. While Apple doesn’t have any physical stores present in Russia, it does operate online….
Apple Says It Halts All Product Sales in Russia
Apple Inc. said on Tuesday it has paused all product sales in Russia in response to the Russian invasion of Ukraine. “We are deeply concerned about the Russian invasion of Ukraine and stand with all of the people who are suffering as a result of the violence,” Apple said in a statement. “We are supporting…
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