Apple Supplier Foxconn in Talks to build Factory in Saudi Arabia
Foxconn Technology Group is in talks with Saudi Arabia about jointly building a $9 billion facility that could make microchips, electric-vehicle components and other electronicsSaudi Arabia is reviewing Foxconn’s offer to build a dual-line semiconductor contract manufacturing facility known as
Apple becomes First US Company to reach a Market Cap of US $ 3 T
$3,000,000,000,000 Apple hit a market cap of $3 trillion during intraday trading on Monday, tripling its valuation in under four years. Apple broke the barrier when its share price hit $182.86. The milestone is mostly symbolic but it shows investors remain bullish on Apple stock and it
Apple Closes in on US $ 3 Trillion Market Value
Apple’s market value hovered just shy of the $3 trillion mark on Monday, following a stunning run over the past decade that has turned it into the world’s most valuable company.The company’s shares fell just over 2% on Monday to close at $175.74, reversing earlier gains that saw them appro
iPhone 13 Production Fell 20% in Sept-Oct
Production of Apple Inc’s flagship iPhone 13 smartphones fell 20% short of previous plans in September and October, Nikkei reported on Wednesday. The holiday-quarter used to be the busiest for the company as many consumers seek to buy its products weeks ahead of Christmas.
Apple Tells Suppliers iPhone Demand Has Slowed
Apple, which is already suffering from a global supply crisis, is now confronting a different problem: slowing demand. The company has told its component suppliers that demand for the iPhone 13 lineup has weakened, signaling that some consumers have decided in skipping the iPhone 13 altogether and
Amazon and Apple fined eur 200 m for Alleged Collusion
Italy’s antitrust authority has fined U.S. tech giants Amazon and Apple a total of more than 200 million euros ($225 million) for allegedly engaging in anti-competitive cooperation in the sale of Apple and Beats products.The authority said in a statement on Tuesday “contractual provision
Apple Makes it Easier to Fix your iPhone at Home
Apple customers who want to fix their own devices will soon have access to the necessary parts and tools as part of a new self-service repair program. The program builds on Apple’s efforts to expand access to repairs over the past several years, the company said in a Wednesday statement. It al