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☆ Apple supplier Foxconn pulls out of $19.5 billion India chip project
▼ + stars: | 2023-07-10 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Lead Apple supplier and global manufacturing powerhouse Foxconn has pulled out of a $19.5 billion joint venture project with a Indian conglomerate Vedanta that would have brought semiconductor and display manufacturing to the Indian state of Gujarat. "Foxconn has determined it will not move forward on the joint venture with Vedanta," the Taiwanese company told CNBC. Foxconn said the decision was by "mutual agreement," but that it remained "confident" about India's semiconductor ambitions. Foxconn has broken ground on multiple factory sites across India, although the $20 billion joint venture with Vedanta would have been one of the largest. Foxconn continues to build other factories across India, including one in Telangana and one in Bengaluru.

Persons: Foxconn, Narendra Modi's, Vedanta Organizations: Apple, Foxconn, Vedanta, CNBC, U.S Locations: Mumbai, India, Gujarat, China, U.S, Telangana, Bengaluru

☆ Tim Cook bets his legacy on augmented reality
▼ + stars: | 2023-06-13 | by ( Clare Duffy | ) edition.cnn.com time to read: +11 min

David Paul Morris/Getty Images Cook speaks in front of an image of an iPhone 4S at Apple headquarters in 2011. Yui Mok/PA Images/Getty Images Tim Cook puts on a Boston Red Sox jersey before a baseball game between the Red Sox and the Detroit Tigers in June 2017. Justin Sullivan/Getty Images Tim Cook signs the box of a new iPhone X at an Apple Store in Palo Alto in November 2017. Andrew Harrer/Bloomberg/Getty Images Cook speaks via video conference at a House Judiciary subcommittee hearing on online platforms and market power in July 2020. In pictures: Apple CEO Tim Cook Prev NextFollowers of the company are divided on what the headset could ultimately mean for Cook.

Persons: Tim Cook, Steve Jobs, Cook, It’s, … it’s, ”, Margaret O’Mara, Andrew Burton, Phil Schiller, Jobs, David Paul Morris, Apple, Tom Williams, Marcio Jose Sanchez, Bono, Justin Sullivan, Tony Avelar, Stephen Lam, George Washington University's, Alex Brandon, Stephen Colbert, Jeffrey R, Pope Francis, Shutterstock Cook, Maddie Ziegler, AirPods, Monica Davey, James Corden, Pharrell, Beck Diefenbach, Reuters Cook, Yui Mok, Billie Weiss, Donald Trump, Jonathan, Oprah Winfrey, Win McNamee, Theresa Goh, Edgar Su, Andrew Harrer, Graeme Jennings, Noah Berger, Sajid Moinuddin, India's, Francis Mascarenhas, Brooks Kraft, it’s, Mike Bailey, “, Tim Bajarin, ’, ” Bajarin, Bajarin, they’ll Organizations: New, New York CNN, Apple, Vision, Apple Watch, University of Washington, Washington Post, Getty, Reuters, Alamy, Homeland Security, Governmental, Flint Center, Performing Arts, Cook, CBS, Serviziofotograficoor, Primary School, Boston Red Sox, Red Sox, Detroit Tigers, American Technology, White House, Steve Jobs Theatre, Carnegie Library, Central Public Library, Bloomberg, Singapore, Apple Worldwide, Conference, Epic Games, Apple Inc, FBB Capital Partners, Jobs Locations: New York, Cupertino , California, Cupertino, Palo Alto , California, Palo Alto, San Francisco, Down, London, Washington , DC, Oakland , California, Mumbai

☆ Club mailbag: Apple and Nvidia are in my top 5 holdings. Is my portfolio still diversified enough?
▼ + stars: | 2023-05-26 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Apple and Nvidia are both "hold it, don't trade it" stocks. But what we can say is that "own it, don't trade it" doesn't mean that you should never, under any circumstances, sell shares. Consider the case of Apple (AAPL), our long-held "don't trade" name. Apple and Nvidia (NVDA) are both based in the United States and are considered mega-cap tech stocks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Cyrus S, It's, We've, Jim Cramer's, Jim Cramer, Jim, Francis Mascarenhas Organizations: Apple, Nvidia, Devices, Qualcomm, Jim Cramer's Charitable, CNBC Locations: United States, Mumbai, India

☆ Apple stakes future growth on emerging markets, starting with India
▼ + stars: | 2023-05-05 | by ( Stephen Nellis | ) www.reuters.com time to read: +3 min

[1/2] Apple CEO Tim Cook gestures during the inauguration of India's first Apple retail store in Mumbai, India, April 18, 2023. Cook is betting that those markets will provide more opportunities for growth, with their youthful populations and relatively few iPhones. "We're putting efforts in a number of these markets and really see, particularly given our low share and the dynamics of the demographics, a great opportunity for us in those markets," Cook told investors during a conference call. India led the growth with a 19% jump, according to Counterpoint, with iPhones accounting for 11% of secondary smartphone sales in India. In an interview with Reuters on Thursday, Apple's Cook said little of Apple's direct iPhone revenue comes from refurbished devices.

☆ Apple's store opening in India could lead to bigger market share, analyst says
▼ + stars: | 2023-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's store opening in India could lead to bigger market share, analyst saysSanyam Chaurasia of Canalys discusses the opening of India's first Apple retail store in Mumbai.

MUMBAI, April 18 (Reuters) - About 300 people queued at Apple's (AAPL.O) store in Mumbai on Tuesday, as fans took selfies with Chief Executive Tim Cook, who inaugurated the first retail store run by the tech giant in India, underscoring the importance of its market. "We are so excited to open ... our first store in India." People flocked to the store from across India, hoping to be among the first to enter, in an opening event featuring local music and folk dancers. Some queued outside from the previous night to get their hands on Apple products, even though they are available online in India. [1/8] Apple CEO Tim Cook interacts with people as Deirdre O'Brien, Apple's senior vice president of Retail and People looks on, during the inauguration of India's first Apple retail store in Mumbai, India, April 18, 2023.

☆ Apple CEO Tim Cook to meet with India’s Prime Minister Narendra Modi following Mumbai store opening
▼ + stars: | 2023-04-18 | by ( Seema Mody | ) www.cnbc.com time to read: +4 min

Prime Minister Narendra Modi launches slew of infrastructure projects from MMRDA Grounds, at Bandra-Kurla Complex, Bandra (East) on Jan. 19, 2023 in Mumbai, India. After opening a flagship store in Mumbai, CEO Tim Cook will travel to New Delhi to meet with Indian Prime Minister Narendra Modi on Wednesday. Apple's growth in India is widely seen as a success story by Modi and Indian officials. Flipkart and Amazon are dueling for the top spot in India's e-commerce market, and both face competition from newcomer Meesho. — CNBC's Steve Kovach contributed to this reportWATCH: Tim Cook visits India to open first Apple retail store

☆ A union said 5 Apple Store workers were fired illegally for trying to organize
▼ + stars: | 2023-04-01 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

A union said five workers at Apple stores in two states were fired illegally. The Communications Workers of America union filed two Unfair Labor Practice charges. It was the first unfair labour practice charge filed by the CWA against Apple for alleged unlawful termination of workers for union organizing. No one working at Apple should be interrogated, intimidated, or silenced for trying to organize and win our fair share." It is unlawful for any companies to retaliate against workers for union activity, according to the NLRB.

☆ Biden's clean energy factory jobs may elude U.S. union workers
▼ + stars: | 2023-03-06 | by ( Nichola Groom | ) www.reuters.com time to read: +9 min

Right to work laws allow employees to work in union-represented workplaces and be covered by collective bargaining agreements without joining a union or paying dues. American products, he vowed, would be made with union labor. Union labor. Many of the jobs created will be union jobs, the official added. "It's not a favorable environment, but we can still organize," Samantha Smith, senior adviser for clean energy jobs at the AFL-CIO, said in an interview.

After Russia invaded Ukraine, the West formed what looked like an overwhelming global coalition: 141 countries supported a United Nations measure demanding that Russia unconditionally withdraw. South Korea Indonesia Israel Thailand Japan Saudi Arabia Philippines Afghanistan CambodiaBy contrast, Russia seemed isolated. Eritrea “Russian actions are being distorted” North Korea Russia Belarus Syria Eritrea “Russian actions are being distorted” North Korea Russia Belarus SyriaBut the West never won over as much of the world as it initially seemed. But like many other African countries, South Africa appears careful to balance its growing ties with Russia against maintaining a relationship with the West. Others that provided Ukraine with military support have declined to impose economic sanctions on Russia.

☆ US labor officials say Apple violated the law by allegedly interrogating employees and holding mandatory meetings about unionization
▼ + stars: | 2022-12-07 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

An Atlanta NLRB director found merit to allegations that Apple violated labor law. Apple, which did not respond to Insider's request for comment, has previously denied wrongdoing in a complaint with similar allegations concerning a New York Apple Store. We commend the NLRB for recognizing captive audience meetings for exactly what they are: a direct violation of labor rights." The Atlanta Apple Store in Cumberland Mall became the first Apple retail location to file for a union election in April. The employees in Atlanta eventually withdrew their call for a union vote days before the election, alleging intimidation from Apple.

☆ Vehicle plows into Boston-area Apple store, killing at least one person
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +1 min

[1/2] Emergency services personnel attend the scene after a vehicle crashed into an Apple store in Hingham, Massachusetts, U.S. November 21, 2022. REUTERS/Brian SnyderNov 21 (Reuters) - A sports utility vehicle crashed into an Apple retail store near Boston on Monday morning, killing one person and sending at least 16 others to the hospital, authorities and local media said. Aerial footage of the scene from Boston TV station WCVB-TV showed a gaping hole in a storefront window at an outdoor mall in Hingham, about 15 miles south of downtown Boston. The black SUV came to rest at the back of the store and the driver had to be extricated from the vehicle, the station reported. "You'd have to really be picking up speed to end up in the storage area at the back side of the Apple store," Frank O'Brien, who was visiting the Derby Street Shops shopping center, told The Patriot Ledger newspaper.

☆ These baristas are leading a nationwide campaign to unionize Starbucks. It came at a cost
▼ + stars: | 2022-11-02 | by ( Chris Isidore | ) edition.cnn.com time to read: +13 min

Since then workers at 243 other stores spread over 38 states have voted to join Starbucks Workers United — that’s more than five stores a week. Still, most of the fired workers nationwide remain off the job, including Tambellini. “The pizza place next door [to the Starbucks store I worked at] offered me a job almost immediately,” said Tambellini. Starbucks employees and supporters react as votes are read during a union-election watch party in Buffalo, New York. The Starbucks workers are really demonstrating that it’s possible to unionize in an industry where it was thought of as impossible to organize, due to high turnover and a large percentage of young people,” he said.

☆ Apple Workers Vote for Union at Oklahoma Store in Second Organizing Win
▼ + stars: | 2022-10-14 | by ( Aaron Tilley | ) www.wsj.com time to read: 1 min

The Apple store in Oklahoma City has a total of about 100 employees eligible for union membership. Apple retail workers in Oklahoma City voted to unionize, becoming the second group of employees at one of the iPhone maker’s U.S. stores to organize officially. The group, which calls itself the Penn Square Labor Alliance, plans to join the Communications Workers of America. The Apple store located at Oklahoma City’s Penn Square Mall has a total of about 100 employees eligible for union membership.

☆ Apple workers in Oklahoma vote for company's second U.S. union store
▼ + stars: | 2022-10-14 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

A shopper looks at a wall fully occupied with iPhone case covers at the American multinational technology company Apple store in Hong Kong. Employees at an Apple store in Oklahoma City voted on Friday to join a union, marking the second unionized Apple store in the U.S. The vote is a defeat for Apple, which has opposed unionization efforts around the country. It's a win for Communications Workers of America, which now represents the workers at an Apple store after separate unionization efforts at stores in Georgia and New York City stalled. Apple's first unionized U.S. store, represented by the International Association of Machinists and Aerospace Workers in Maryland, is preparing to begin formal negotiations with Apple.

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