New research says that Apple's suppliers including iPhone manufacturer Foxconn have invested $16 billion since 2018, in an increasing plan to move or reshore manufacturing away from over-reliance on China.
Apple supplier Luxshare is taking over an iPhone assembly factory from a rival manufacturer after buying a majority stake in the location.
Apple's demand for the iPhone in China continues to be strong, Wedbush analyst claims, with strong overall demand likely to help push Apple to become the first with a $4 trillion market cap in 2024.
After a few months of quiet about the subject, and an explicit denial by China regulators in September, there are new reports circulating that China's ban on the iPhone is back on — and expanding.
Wedbush continues to be impressed by Apple, raising its price target for the iPhone maker from $240 to $250, a second rise in a three-month period.
Apple is reportedly moving key engineering resources to Vietnam, which will now be involved in iPad development as well as production.
Apple is the most valuable publicly traded company in the US, and its valuation has again exceeded $3 trillion, even as financial analysts have been concerned about sales for the iPhone 15 range.
Apple supplier Foxconn is struggling to get its factories in India to operate efficiently, with employees citing language barriers, culture clashes, and difficulty adapting to strenuous schedules.
Figures for November 11's Singles Day in China show that sales of the iPhone dropped 4% year over year — while Huawei smartphones grew 66% in the same period.
President Xi Jinping of China hosted a dinner in San Francisco on November 15, 2023, intent on convincing top business people including Apple's Tim Cook, that China is force for good in the world.
Apple MixC Wenzhou in China has opened and demonstrates just how the company's finely-honed retail operation is, with its interior practically indistinguishable from Apple Tysons Corner in the US.
Analyst Ming-Chi Kuo said that Apple's shipments of iPhones in China declined more than he expected.
Apple is set to broaden its retail presence in China with the opening of Apple MixC Wenzhou, marking the company's first venture into the bustling city of Wenzhou.
Investment firm Piper Sandler suggests weak iPhone demand in China and economic headwinds will make Apple's December quarter weaker than expected.
Chinese authorities say their tax and land use probe into iPhone maker Foxconn is unrelated to forthcoming elections, but then cautions firms over "social responsibilities."
Foxconn founder Terry Gou's rival in the Taiwanese elections says China should "cherish" the iPhone assembler, and not try to pressure the firm during an election.
The next Apple Store in mainland China is set to open within weeks, with the storefront at the MixC Wenzhou mall being teased by a historic local textile printing technique.
Apple iPhone manufacturer Foxconn says it will cooperate fully with investigations into its business by China's tax authorities.
For the second time in 2023, Apple CEO Tim Cook has met with China's commerce minister to discuss US/China relations, and Apple's presence in the country.
Apple has made an incredibly minor update to the iPad, with the tenth-generation model now gaining eSIM support in China.
{{ summary }}
William Gallagher
Andrew Orr
Malcolm Owen
Mike Wuerthele
Wesley Hilliard
Peter Cohen
