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Topic: China

March 2020: Apple Stores close, but MacBook Air & iPad Pro launch anyway

04/04/2020, 10:04 am

Maybe 2019 was practice for Apple, as it is now used to releasing new products via a press release. That's what it had to do in March 2020 as the whole world self-isolated, and Apple Stores closed their doors.


Morgan Stanley trims AAPL target to $298 as hopes for sharp consumer recovery dampen

04/03/2020, 11:04 am

Morgan Stanley said Friday it is reducing expectations for Apple through fiscal 2021 to better align with the bank's macro view that GDP growth will take a greater hit than previously expected, due largely to a prolonged consumer recovery.


Tim Cook personally petitioned feds during US-China tariff spat

03/31/2020, 01:03 pm

Apple CEO Tim Cook chose to take a direct and personal approach when facing potential billion-dollar tariffs on parts and finished goods imported from China.


Nikkei, WSJ split on their Apple horror narratives

03/28/2020, 08:03 am

Two major financial papers that usually blow out false news about Apple's supply chain in lockstep have suddenly diverged in their imagined tales of how the world's best capitalized and most proficient and competent tech company might be somewhat challenged by the economic disaster now killing thousands of people.


Apple suppliers expect decreased iPhone orders due to virus, 5G iPhone production ramp postponed

03/27/2020, 08:03 pm

As the world struggles to contain the COVID-19 pandemic, Apple suppliers are reportedly expecting a significant decrease in immediate orders due to weakened demand.


Editorial: Apple's impact from social distancing in 2020

03/25/2020, 10:03 am

Just a few months ago, Apple was gearing up to climb onto the gigantic shoulders of its blockbuster iPhone 11 launch to deliver another massive annual upgrade to its Macs, iPads, audio devices, wearables, and the upcoming new iPhone 12. Then the world ground to a halt in an unprecedented way. Here's how Apple can make the most positive impact possible in this year of social distancing.


US lifts tariffs on Apple Watch imports from China

03/23/2020, 02:03 pm

The Apple Watch is no longer being impacted by a tariff applied by the U.S. government on goods imported from China as part of its trade war, with the U.S. Trade Representative approving the exclusion of the wearable device from the financial measures.


All Chinese Apple Stores to reopen Friday, but with reduced hours

03/12/2020, 07:03 pm

Apple is set to reopen all 42 Apple Stores in China after a month-long closure due to fallout from the coronavirus pandemic, though nearly every outlet in the region will operate under reduced hours for the foreseeable future.


Possible 5G 'iPhone 12' delays drive UBS to cut AAPL target to $335

03/10/2020, 10:03 am

Apple shipped fewer than 500,000 iPhone units in February due to coronavirus-related production issues, UBS analyst Timothy Arcuri estimates, forcing an Apple stock price target cut to $355.


China iPhone market recovering, secondary markets impacted in March says JP Morgan

03/10/2020, 07:03 am

While the Chinese iPhone sales numbers for the month of February are miserable because of the coronavirus, JP Morgan's Samik Chatterjee is sticking with a $350 AAPL for the long-term.


Chinese iPhone sales a temporary issue, as Wedbush forecasts normality

03/09/2020, 11:03 am

Apple's sales of iPhones are considerably down in China for the last quarter, according to Daniel Ives from Wedbush, but Apple's ability to bring the supply chain back to normal is of bigger importance to investors.


Apple sold fewer than half a million iPhones in China in February

03/09/2020, 07:03 am

The impact of the coronavirus outbreak has resulted in Apple selling 494,000 iPhones in China in February, around 60% fewer than in the same month in 2019.


Foxconn endures biggest revenue drop in 7 years because of coronavirus

03/05/2020, 09:03 am

The coronavirus outbreak has made an impact on Foxconn's finances with the iPhone assembly partner enduring its biggest year-on-year drop in revenue for a month in a seven-year period due to the virus affecting its production pipeline.


Apple warns retail employees of iPhone parts and replacement device shortages due to coronavirus

03/04/2020, 05:03 pm

Apple is reportedly warning retail employees and technical support staff that replacement iPhones are in short supply, one of the first consumer-facing signs that COVID-19 is impacting the company's supply chain.


Editorial: No WSJ, Apple isn't stuck in China

03/04/2020, 10:03 am

After years of false reporting that demonstrated a complete lack of understanding of Apple's supply chain or even the value of its operational expertise, Tripp Mickle of the Wall Street Journal is back, this time with a story about how foolish Apple was to rely on Chinese manufacturing and how hopelessly desperate its plight now is, due to the coronavirus outbreak. He's wrong, here's why.


Coronavirus won't stop 5G 'iPhone 12' super cycle or AAPL, says Wedbush

03/03/2020, 07:03 am

As investors ride the "roller coaster" that is Apple's coronavirus-impacted stock price, Daniel Ives from Wedbush sees a firm core business, and outstanding long-term prospects for Apple and the 5G "iPhone 12."


Foxconn plans to resume normal production by end of March

03/03/2020, 05:03 am

Apple supplier Foxconn says that it will return to regular operation by the end of the month after the closures caused by the coronavirus, and also that over half of its usual seasonal workers have already returned to work.


Apple shares rebound, largely erasing last week's tumble

03/02/2020, 05:03 pm

Apple's stock price surged 9.3% on Monday in the midst of a broader Wall Street rebound and an upgraded analyst rating.


Coronavirus troubles underscore Apple's reliance on China

03/02/2020, 05:03 pm

The COVID-19 outbreak has made it clear just how dependent Apple is on its supply chain in China, despite efforts to diversify where its products are made.


Apple is sending care packages to stranded employees in China

02/29/2020, 01:02 pm

Apple hasn't forgotten its employees in China isolated because of the coronavirus, and is sending them care packages containing food, medical supplies, and an iPad.