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☆ Apple iPhones in short supply on Black Friday as China's COVID-19 lockdown disrupts manufacturing, report says
▼ + stars: | 2022-11-26 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +2 min

Apple was hit with iPhone shortages on Black Friday while customers shopped for deals. Analyst sees roughly 8 million iPhones sold on the Black Friday weekend, down from 10 million a year ago. Shoppers across the country are reporting shortages of iPhone 14 products, including the iPhone 14 Pro and iPhone 14 Pro Max in Apple stores, online retailers, and big box electronics stores, according to a report by Reuters. Online wait times for orders of the new iPhone 14 Pro are now up to 40 days on Apple's website. Ives expects roughly 8 million iPhones will be sold on the Black Friday weekend, down from 10 million a year ago, mainly due to these supply challenges.

☆ Buying new iPhone for better camera, battery, faster chip? Cybersecurity got an upgrade, too
▼ + stars: | 2022-11-25 | by ( Kaitlin Balasaygun | ) www.cnbc.com time to read: +6 min

Customers shop at the Apple Fifth Avenue store for the release of the Apple iPhone 14 in New York City, September 16, 2022. Improved low-light photo abilities and the extended battery life may have appeal than security upgrades on the new Apple iPhone 14, iPhone 14 Plus, iPhone 14 Pro or iPhone 14 Pro Max. While in Lockdown Mode, phone calls, plain text messages and emergency features will continue to work. The switch to eSIM-only phonesSteve Jobs never wanted the original iPhone to have a SIM card tray, and the iPhone 14 models are finally achieving this goal. All iPhone 14 models purchased in the U.S. are eSIM-only, which enables users to easily connect and transfer their plans digitally.

[1/2] The Apple iPhone 14, The Apple iPhone 14 Pro and the Apple iPhone 14 Pro Max are seen at the Apple Fifth Avenue store in Manhattan, New York City, U.S., September 16, 2022. Similarly, Abisha Luitel wanted to get an iPhone 14 Pro for her 21-year old cousin. In a statement on Nov. 7, it said it expected lower iPhone 14 Pro and iPhone 14 Pro Max shipments than previously anticipated. Foxconn's plant in China makes Apple's premium models including the latest iPhone 14 Pro, a source told Reuters. At an Apple store in a Bethesda, Maryland mall, an employee said there were almost no 14 Pro and Pro Max in stock.

☆ Warren Buffett's first big semiconductor investment in his career is also a bet on Apple's future
▼ + stars: | 2022-11-19 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

The disclosure sparked a big rally in the stock as Buffett made Taiwan Semi Berkshire's 10th biggest holding at the end of September. Taiwan Semi is the biggest chip producer in the world by revenue, with clients like Nvidia and Qualcomm. By betting on Taiwan Semi, Buffett is essentially backing the Apple ecosystem and iPhone demand in coming years, he said. It's about 25% of their revenue... when you are betting on TS, you are really betting on Apple." 'Moat' Taiwan Semi has a unique quality that Buffett always looks for – and that is a competitive edge or the so-called wide moat.

☆ Apple will buy processors from factory in Arizona, CEO Tim Cook reportedly says
▼ + stars: | 2022-11-15 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple CEO Tim Cook holds the new iPhone 14 at an Apple event at their headquarters in Cupertino, California, September 7, 2022. Apple will buy some of its chips from a factory in Arizona, Apple CEO Tim Cook said last month at an internal company meeting in Germany, according to Bloomberg News. Apple currently sources all of its processors from factories in Taiwan. TSMC said earlier this month that it is planning a second chip factory in Arizona because of "strong customer demand." Cook reportedly said that Apple was considering buying chips from factories in Europe, too.

[1/2] The iPhone 14, iPhone 14 Pro and iPhone 14 Pro Max are displayed at the Apple Fifth Avenue store, in Manhattan, New York City U.S. September 16, 2022. REUTERS/Andrew Kelly/File PhotoNov 9 (Reuters) - Apple Inc (AAPL.O) and Amazon.com Inc (AMZN.O) were accused in an antitrust lawsuit on Wednesday of conspiring to drive up iPhone and iPad prices by removing nearly all other resellers of new Apple products from Amazon's website. Prices rose more than 10%, while Apple stabilized the prices it charged in retail stores, the complaint said. The combined product revenue of Cupertino, California-based Apple and Seattle-based Amazon topped $125 billion in this year's third quarter. Last month, an Italian administrative court scrapped a 173.3 million euro ($173.6 million) fine against Apple and Amazon by Italy's antitrust regulator for alleged price collusion.

[1/5] A man holds an iPhone 14 as Apple Inc's new models go on sale at an Apple store in Beijing, China, September 16, 2022. "We continue to see strong demand for iPhone 14 Pro and iPhone 14 Pro Max models. However, we now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated," it said in a statement. Apple, which began selling its iPhone 14 range in September, said customers should expect longer waiting times. It has iPhone production sites in India and southern China, but its biggest is in the city of Zhengzhou in the eastern Chinese province of Henan.

☆ Apple Warns iPhone Production Being Disrupted by China Covid-19 Restrictions
▼ + stars: | 2022-11-07 | by ( Tim Higgins | ) www.wsj.com time to read: 1 min

Apple is facing iPhone production disruptions as it prepares for the holiday shopping season. Apple Inc. warned shipments of its high-end iPhone models would be hindered amid Covid-19 restrictions at one of its major suppliers in China, an inopportune disruption as the company prepares for its all-important holiday shopping season. The Cupertino, Calif., tech giant on Sunday said the assembly factory in Zhengzhou is currently operating but at reduced capacity.

[1/5] People look at Apple products as Apple Inc's new iPhone 14 models go on sale in Beijing, China, September 16, 2022. "We continue to see strong demand for iPhone 14 Pro and iPhone 14 Pro Max models. However, we now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated," it said. Its main Zhengzhou plant in central China, which employs about 200,000 people, has been rocked by discontent over stringent measures to curb the spread of COVID-19, with many workers fleeing the site. Foxconn, formally Hon Hai Precision Industry Co Ltd, is Apple's biggest iPhone maker, accounting for 70% of iPhone shipments globally.

☆ Apple Warns iPhone Production Disrupted by China Covid-19 Restrictions
▼ + stars: | 2022-11-06 | by ( Tim Higgins | ) www.wsj.com time to read: 1 min

Apple Inc. warned shipments of its high-end iPhone models would be hindered amid Covid-19 restrictions at one of its major suppliers in China, an inopportune disruption as the company enters its all-important holiday shopping season. The Cupertino, Calif., tech giant on Sunday said the assembly factory in Zhengzhou is currently operating but at reduced capacity.

☆ Apple Set to Report Record Revenue as Investors Watch for Sluggish Demand
▼ + stars: | 2022-10-27 | by ( Aaron Tilley | ) www.wsj.com time to read: 1 min

Investors are concerned with slowing sales growth in Apple’s services, an important area for business diversification as the iPhone becomes a more mature product. Apple is expected to report record revenue and iPhone sales for the September quarter even as investors watch closely for signs that waning consumer demand for hardware products is affecting the tech company. The Cupertino, Calif., company is set to announce its full-year earnings on Thursday after markets close. To date, Apple’s business has largely stayed strong in the face of broader smartphone-sales slowdowns and global economic challenges.

☆ Apple Reports Record Revenue, Continuing Pandemic Streak
▼ + stars: | 2022-10-27 | by ( Aaron Tilley | ) www.wsj.com time to read: 1 min

Investors have grown concerned with slowing sales growth in Apple’s services, an important area for business diversification as the iPhone becomes a more mature product. Apple Inc. reported record revenue in the September quarter, continuing a pandemic-fueled streak that investors have watched closely amid sluggish demand for certain consumer goods. The Cupertino, Calif., company announced its full-year earnings on Thursday after markets closed. To date, Apple’s business has largely stayed strong in the face of broader smartphone-sales slowdowns and global economic challenges.

[1/2] The logo of Apple company is seen outside an Apple store in Bordeaux, France, March 22, 2019. Although iPhone sales were not as strong as some analysts had targeted, they were still a record for the September quarter. Maestri said iPhone sales set a record for the September quarter, improving 10% over the prior year's quarter and exceeding the company's forecast. In China, which has experienced a sharp economic slowdown, Apple reported fourth-quarter sales of $15.5 billion. That is a gain from the prior quarter, when Apple logged sales of $14.6 billion.

Oct 27 (Reuters) - Over $200 billion in U.S. stock market value went up in smoke in extended trade on Thursday, after a weak forecast from Amazon (AMZN.O) added to a string of downbeat quarterly reports from Big Tech companies. Also after the bell, Apple (AAPL.O) shares fell about 1%, erasing about $30 billion of its stock market value after the Cupertino, California company reported quarterly iPhone sales that fell short of Wall Street targets. Amazon's weak report sent Nasdaq futures tumbling about 3%, showing traders expect Wall Street to open with a deep decline on Friday. Google-owner Alphabet (GOOGL.O) and Microsoft (MSFT.O) dropped about 1% each, adding to losses following their own poorly received quarterly reports on Tuesday. Thursday's drop left Meta's stock market value at about $260 billion, with the one-time behemoth now about the 20th most valuable company on Wall Street.

☆ Apple defies the Big Tech meltdown and remains the stock to own, not trade
▼ + stars: | 2022-10-27 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

Revenue rose 8% year-over-year to $90.1 billion, exceeding expectations of $88.9 billion and marking a September quarter record. Despite growing fears of a recession and a strong U.S. dollar that dents international sales, Apple sales posted a September quarter record for the Americas, Europe, Greater China and the rest of Asia-Pacific. Companywide results Operating cash flow of $24.13 billion was in line with expectations of $24.24 billion and marked a September quarter record. Revenue rose 8% year-over-year to $90.1 billion, exceeding expectations of $88.9 billion and marking a September quarter record. Despite growing fears of a recession and a strong U.S. dollar that dents international sales, Apple sales posted a September quarter record for the Americas, Europe, Greater China and the rest of Asia-Pacific.

☆ Apple Urges Its Suppliers to Decarbonize Manufacturing
▼ + stars: | 2022-10-26 | by ( Dieter Holger | ) www.wsj.com time to read: 1 min

Apple Inc. is adding pressure on suppliers to get on board with its carbon-neutrality goal, highlighting the difficulties in tackling greenhouse-gas emissions from global supply chains. The Cupertino, Calif.-based iPhone maker said Tuesday that it would review the work of suppliers to specifically decarbonize their Apple-related manufacturing, such as by running on 100% renewable energy, and track their yearly progress as it strikes supply agreements. Apple already requires suppliers to report overall emissions from their...

☆ Foxconn's iPhone factory in China — the world's largest — hit by Covid outbreak
▼ + stars: | 2022-10-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Foxconn said Tuesday that its factory in Zhengzhou, China — the world's largest assembly plant for Apple's iPhones — was hit with a small Covid outbreak. Zhengzhou, in central China's Henan province, has been battling a new wave of Covid this month. Foxconn's position highlights the balancing act required by manufacturing facilities to meet customer demand under Beijing's strict Covid policy. Apple still relies heavily on China for the majority of its iPhone production, but the Cupertino giant has looked to diversify its supply chain. Last month, Apple said that it has begun assembling its flagship iPhone 14 in India.

☆ Apple raises prices on its TV and Music streaming services
▼ + stars: | 2022-10-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple on Monday increased monthly and annual subscription prices in the U.S. for its streaming services Apple TV+ and Apple Music. Apple TV+ has been competitively priced against other streaming services, some of which have also raised prices in recent months. Apple Music and Apple TV+ are a small part of Apple's services business, which also includes search licensing fees, hardware warranties, App Store sales, and other businesses. "The change to Apple Music is due to an increase in licensing costs, and in turn, artists and songwriters will earn more for the streaming of their music," said Apple in a statement. "We also continue to add innovative features that make Apple Music the world's best listening experience.

☆ Apple's top designer is leaving the company three years after taking over from Jony Ive
▼ + stars: | 2022-10-21 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple's vice president of industrial design, Evans Hankey, is leaving the company, Apple confirmed to CNBC on Friday. Hankey took over for former Apple design chief Jony Ive three years ago when he left to start his own independent firm. Still, she was often quoted in the media after new products were launched, discussing specific design decisions and the way Apple's design team works. "Apple's design team brings together expert creatives from around the world and across many disciplines to imagine products that are undeniably Apple. The senior design team has strong leaders with decades of experience.

☆ Apple's industrial design head Hankey to leave - Bloomberg News
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +1 min

Oct 21 (Reuters) - Apple Inc's (AAPL.O) vice president for industrial design, Evans Hankey, is leaving the company, Bloomberg News reported on Friday, citing people with knowledge of the matter. (https://bloom.bg/3gtu7k9)She took over the role in 2019 after famed Apple designer Jony Ive moved out. Apple launched iPhone 12 through iPhone 14 models and M1 MacBooks while Hankey headed industrial design. Apple did not immediately respond to a Reuters request for comment. Register now for FREE unlimited access to Reuters.com RegisterReporting by Yuvraj Malik in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla’s Apple-sized goals have cash risks
▼ + stars: | 2022-10-19 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

Returning cash to shareholders only works if the Austin, Texas-based company's Apple-sized (AAPL.O) dreams become reality. Tesla’s 17% operating margin beats the gas-guzzler businesses of rivals Ford Motor (F.N) and General Motors (GM.N) — whose EVs are less profitable still. Investors like David Einhorn and Carl Icahn demanded it use its cash pile to buy back sagging shares, and that bet paid off. But Apple started 2013 with $137 billion in cash and marketable securities; Tesla has $21 billion. Tesla delivered 343,830 cars in the quarter, up 42% year-over-year but 6% below the number of cars it manufactured.

☆ Apple’s iPad Gets a New Look and iPad Pros Get an M2 Chip Upgrade—Here’s the Full Lineup
▼ + stars: | 2022-10-18 | by ( Nicole Nguyen | ) www.wsj.com time to read: 1 min

Apple already released this year’s new phones and watches. Now, it’s iPad time. The Cupertino, Calif.-based tech company announced Tuesday the latest lineup of tablets, including M2-powered iPad Pros in 11-inch and 12.9-inch models and a major design update to the entry-level iPad. The new iPads hit shelves Oct. 26. It also said the iPadOS 16 upgrade would be coming to all recent iPads on Oct. 24.

☆ Apple cuts production of iPhone 14 Plus - the Information
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +1 min

Oct 18 (Reuters) - Apple Inc (AAPL.O) is cutting production of iPhone 14 Plus within weeks of starting shipments as it re-evaluates demand for the mid-range model, the Information reported on Tuesday, citing two people involved in the company's supply chain. The Cupertino, California-based company told at least one manufacturer in China to immediately halt production of iPhone 14 Plus components, according to the report. Apple did not immediately respond to a Reuters request for comment. The iPhone 14 Plus, part of a new lineup announced on Sept. 7, is positioned as a cheaper alternative to its more expensive iPhone Pro models but is equipped with a large screen. Register now for FREE unlimited access to Reuters.com RegisterReporting by Yuvraj Malik in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Apple to launch a foldable iPad rather than iPhone in 2024, analyst predicts
▼ + stars: | 2022-10-18 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

CCS Insight published its annual predictions report on Tuesday in which the group' analysts make forecasts about future products and trends. In the latest report, CCS Insight predicted Apple would launch a foldable iPad in two years' time rather than start with a foldable iPhone. "Right now it doesn't make sense for Apple to make a foldable iPhone. The analyst said that a foldable iPhone would likely need to cost around $2,500. Predictions about a foldable iPhone meanwhile have been around for at least four years.

☆ Democrats are getting a boost from an unlikely source: Laid-off tech workers with more free time
▼ + stars: | 2022-10-13 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com time to read: +8 min

Like many tech workers and investors, she moved to San Francisco from elsewhere — Michigan, in her case — and still feels invested in the politics of her home state. Whether there’s a tech expertise gap between Democrats and Republicans is difficult to measure. The Republican State Leadership Committee, which works to elect Republicans at the state level, didn’t respond to requests for comment. Some tech workers are in their third election cycles as volunteers, giving them a base of experience to work from. Given its size, Tech for Campaigns can test different messages and tactics across states.

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