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Top related persons:
Tim Cook - 1 Apple - 1 Morgan Stanley - 1 Harmeet Singh Walia - 1 Walia - 1 Christine Wang - 1 James Cordwell - 1 Aditya Soni - 1
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Apple Watch - 1 Vision - 1 Meta - 1 Apple - 1 Counterpoint Research - 1 Vision Pro - 1 KGI Securities - 1 Credit Suisse - 1

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3 mentions found


☆ Apple's Vision Pro an impressive headset with few likely buyers, analysts say
  + stars: | 2023-06-06 | by ( Aditya Soni | ) www.reuters.com   time to read: +3 min
June 6 (Reuters) - Analysts lauded Apple's (AAPL.O) Vision Pro on Tuesday for its impressive technology, but warned that it will be a few years before the $3,499 augmented reality headset sees widespread adoption. That vision, analysts said, could take some time to materialize because the high price tag will likely dissuade most buyers and the product does not have any clear use beyond entertainment in a still nascent augmented reality (AR) market. "Apple proved they have a vision for the role AR technology could play for consumers ... and Vision Pro looked sleek/differentiated versus incumbents and performed with clear potential," Morgan Stanley analysts said. "However, the Vision Pro is not ready for mass consumption," they added, pointing to a bulky external battery pack and the lack of a "killer app", among other issues. The uncertainty regarding Vision Pro sales also drove a wide range of predictions on its expected shipments once the device goes on sale next year.
Persons: Tim Cook, Apple, Morgan Stanley, Harmeet Singh Walia, Walia, Christine Wang, James Cordwell, Aditya Soni, Shounak Dasgupta Organizations: Apple Watch, Vision, Meta, Apple, Facebook, Counterpoint Research, Vision Pro, KGI Securities, Credit Suisse, Thomson
☆ Behind Foxconn’s China woes: mistrust, miscommunication, COVID curbs
  + stars: | 2022-11-29 | by ( Yew Lun Tian Yimou Lee Brenda Goh | Yew Lun Tian | Yimou Lee | ) www.reuters.com   time to read: +5 min
[1/4] FILE PHOTO: The logo of Foxconn is seen outside the company's building in Taipei, Taiwan November 10, 2022. The plant owned by Taiwan-based Foxconn, battered by China's strict COVID restrictions and facing critical year-end holiday demand, was offering enticing hiring bonuses and excellent pay. Hou said he was promised up to 30,000 yuan ($4,200) for just under four months' work - far above the 12,000-16,000 yuan Foxconn workers usually get for four months. In a rare example of large-scale labour unrest in China, Foxconn workers in COVID masks clashed with security personnel in white hazmat suits holding plastic shields. The company previously apologised to workers for a pay-related "technical error" that it said occurred when it was hiring.
☆ Foxconn unrest risks iPhone shipments, weighs on Apple shares
  + stars: | 2022-11-26 | by ( Yimou Lee | ) www.reuters.com   time to read: +5 min
Apple shares were down 1.9% in late morning trade on Friday, while the benchmark Nasdaq index was down 0.3%. LOWER SHIPMENTSKGI Securities analyst Christine Wang said if the current issue lasts through December, around 10 million units of iPhone production will be lost, which translates to 12% lower iPhone shipment in the last quarter of 2022. REUTERS/Ann Wang 1 2Wedbush Securities estimates many Apple stores now have 25% to 30% fewer iPhone 14 Pros than normal heading into the holiday shopping season. In a statement on Nov. 7, Apple said it expected lower iPhone 14 Pro and iPhone 14 Pro Max shipments than previously anticipated. Another Foxconn source familiar with the matter said some new hires had left the campus but did not elaborate on how many.
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