Apple assembly partner Foxconn is reportedly considering the possibility of setting up a new facility in Vietnam, a move that could potentially prevent the iPhone from being hit by tariffs created by the Trump administration in its ongoing trade war with China.
The Trump administration's threat of more China tariffs could significantly raise the price of iPhones for consumers, with the iPhone XS family potentially costing between $60 and $160 more if Apple passes the extra cost on to its customers.
Apple might soon see its flagship product imperiled by America's advancing trade war with China, as President Donald Trump in an interview on Monday suggested a new round of tariffs could include a 10 percent levy on iPhone.
Sales of the iPhone XR picked up in China during the country's "Singles Day" retail event, Jun Zhang from Rosenblatt Securities claims, but the boost isn't enough to prevent the analyst from further reducing its production estimates for iPhones over the next two quarters.
An annual "Singles Day" sales event held by China's search giant Alibaba racked up record-breaking sales, countering the idea that consumer sales in China are weak. But more importantly to Apple observers: iPhone sales lead other smartphone brands, pushing Huawei into second place and Xiaomi into third place.
Music from Chinese-Canadian artist Kris Wu sold on iTunes will not count towards its ranking in charts compiled by Billboard and Nielsen, after allegations the sales were made by users in China rather than within the United States.
The Trump administration is reportedly readying a new round of China tariffs — all remaining goods not already on the import list — if an upcoming meeting with Chinese President Xi Jinping meeting fails to ease trade tensions.
Executives from Amazon and Super Micro on Monday joined Apple CEO Tim Cook in calling for the retraction of a Bloomberg Businessweek story claiming the companies were impacted by a Chinese spy operation.
Apple CEO Tim Cook has uncharacteristically spoken out about the Bloomberg report that claimed that the Chinese had inserted a spy chip into the company's iCloud server, and is completely denying that Apple was impacted.
The U.S. Director of National Intelligence, Dan Coats, claims that the government has seen "no evidence" so far that Chinese spy chips were planted onto motherboards that then made their way into servers at companies like Apple.
Katy Huberty from Morgan Stanley has taken a look at Apple's App Store numbers in China, and while there does appear to be a combination of factors provoking a short-term stall in growth for Apple's iOS App Store, earnings will still be massive, and long-term Services revenue won't be impacted much, if at all.
Taiwan-based chip manufacturer TSMC is predicting modest growth in the new quarter, suggesting that production of smartphone chips — particularly for Apple's iPhone — will offset not just weakness in cryptocurrency mining, but risks caused by the ongoing trade war between the U.S. and China.
Apple is "deeply apologetic" that some users in China had been pilfered by assailants — but at the same time noted that the attacks would have been prevented had the victims been using security measures that Apple enables to protect accounts from such thefts.
Despite other data sources to the contrary, Goldman Sachs' Rod Hall is afraid of a slowdown in the Chinese iPhone market that may dramatically impact Apple's quarterly earnings, and future prospects in the region.
Two major mobile payments companies in China have asked Apple to help reduce theft on their platforms, where customers' funds are being drained by criminals using stolen Apple IDs connected to their payment accounts for fraudulent App Store purchases.