Weak demand for MacBook, Apple Watch, AirPods may have caused order cuts
Sources in China say Apple has reduced its orders from suppliers for almost all of its products, and the news has seen AAPL shares drop.
Sources in China say Apple has reduced its orders from suppliers for almost all of its products, and the news has seen AAPL shares drop.
Production at Foxconn's troubled Zhengzhou facility is now up to 90% of peak capacity, a level that should help Apple catch up on its iPhone 14 Pro model backlog.
Apple spent December launching new Apple TV+ shows, improving apps, adding Matter to HomeKit, and failing to launch two promised releases.
Apple has reportedly chosen Luxshare as an additional manufacturer for the iPhone 15 Pro Max, easing its reliance on Foxconn.
Apple supplier Foxconn is offering a $718 subsidy for employees to keep working after struggles with workers over COVID-19 restrictions.
Following production tests at Foxconn's Vietnam facility, Apple will reportedly move some MacBook Pro manufacturing to the country for the first time.
Foxconn is lifting most of its COVID-19 restrictions at its primary iPhone factory in China, allowing employees to move around again freely.
Apple is planning expansion in India in both its retail and production arms, reports on Monday claim, including 100 new franchise stores, and a tripling of iPhone manufacturing in the next two years.
Apple's main iPhone manufacturer Foxconn is continuing to work on moving away from dependency on China, and has now invested half a billion dollars in India.
Apple's major iPhone supplier Foxconn says that it is getting production back to normal following COVID lockdown and workers rioting.
Investment bank Piper Sandler expects Apple and Foxconn to catch up with iPhone 14 Pro production in December, but will still fall short by around nine million iPhones.
The latest COVID lockdown affecting iPhone manufacturer Foxconn has been lifted, following rioting by residents and workers.
Because of ongoing supply chain disruptions, Apple's shipments of iPhone 14 Pro and iPhone 14 Pro Max models will be less than expected by between 15 million and 20 million units, according to Ming-Chi Kuo.
Under pressure to keep up with iPhone production, Apple's lead manufacturer Foxconn, is offering bonuses of around $1,672 to workers who return to the plant.
Protests over Covid restrictions at Foxconn plants and the slow resumption of builds could result in six million fewer iPhone 14 Pro units made in 2022.
Following riots over pay, Apple's main iPhone manufacturer Foxconn has now offered $1,400 to protesters, conditional on resignation.
Following riots at its iPhone plant in Zhengzhou, Foxconn has apologized and said pay problems were a "technical error."
Workers rioting at Foxconn's main iPhone factory in Zhengzhou have clashed with police as windows and surveillance cameras have been smashed.
Chinese Apple supplier Foxconn needs 100,000 new workers to get back to full capacity, but the four-day quarantine requirement has forced hiring to pause for now.
With workers fleeing conditions at the Zhengzhou iPhone plant, and new recruitment falling far behind needs, Chinese state media says Foxconn has only two-third of the workforce it needs.
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