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☆ Apple's VR headset will reportedly run hundreds of thousands of iPad apps
▼ + stars: | 2023-04-24 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Apple' s virtual reality headset will run with hundreds of thousands of iPad apps and take an all-encompassing approach to features, according to Bloomberg. In a bid to entice both developers and consumers, Apple has included gaming, fitness, and e-reader functionality for the virtual reality headset, Bloomberg reported. The headset will run most of Apple's flagship iPad apps, including Books, Camera, FaceTime, Maps and Messages. There are also hundreds of thousands of third-party iPad apps that will reportedly be compatible with the headset at launch. Apple's headset will reportedly cost a minimum of $3,000, three times as expensive as Meta 's high-end Quest Pro.

☆ Apple analyst Kuo says headset faces 1-2 month delay, prompting uncertainty over WWDC launch
▼ + stars: | 2023-03-30 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Apple's widely anticipated mixed-reality headset may not be ready in time for the company's June WWDC event, top Apple analyst, TFI Securities' Ming-Chi Kuo, wrote on Twitter Thursday. The Apple Watch was announced in Sept. 2014 but didn't launch until April 2015. Apple expects to sell at most 300,000 headsets in 2023, Kuo wrote. The best hope for Apple is that headset growth matches the trajectory of the Apple Watch, evolving from a "small portion" of the company's business into a "centerpiece," Gurman wrote. Kuo is regarded as one of the most accurate Apple analysts, and has reported on Apple's shifting approach to the launch of its long-awaited headsets.

NEW DELHI— Apple Inc.’s main manufacturer, Foxconn Technology Group , is considering a major expansion in India, including possibly assembling millions more iPhones and setting up new production sites as it seeks to further diversify beyond China. Foxconn is set to expand production of iPhones at its existing plant near Chennai, in the southern Indian state of Tamil Nadu, people familiar with the matter said. It aims to boost iPhone production to around 20 million units annually by 2024, and roughly triple the number of workers to as many as 100,000, said the people, including a senior Indian government official.

☆ Apple analyst Kuo says low-end VR headset to launch in 2025
▼ + stars: | 2023-02-24 | by ( Todd Haselton | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook presents the new iPhone 14 at an Apple event at their headquarters in Cupertino, California, U.S. September 7, 2022. Top Apple analyst Ming-Chi Kuo said in a blog post on Friday that Apple plans to release "low-end" and "high-end" second-generation augmented reality/mixed reality headsets in 2025. Apple has not yet announced or even acknowledged the existence of plans to launch a virtual reality headset. The first model is expected to cost about $3,000 according to Bloomberg, which means Kuo's report of a future "low-end" model could signal that a more affordable version is on the way. It sells, for example, the high-end Apple Watch Ultra but also more affordable Apple Watch and Apple Watch SE series devices.

☆ Is the iPhone's 'Made in India' era beginning as Apple breaks with China?
▼ + stars: | 2023-02-10 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

Minister of Commerce and Industry Piyush Goyal said Apple was already making between 5% and 7% of its products in India. His comments come at a time when Foxconn (HNHPF), a top Apple supplier, is looking to expand its operations in India after suffering severe supply disruptions in China. For years, Apple had relied on a vast manufacturing network in China to mass produce iPhones, iPads and other popular products. China headaches mountBut the world’s most valuable company posted shockingly weak earnings this month, partly because of its recent problems in China. According to Counterpoint’s Pathak, India accounts for 16% of the global smartphone production, while China constitutes 70%.

☆ Folding iPad will launch in 2024, top Apple analyst Kuo says
▼ + stars: | 2023-01-30 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Apple will slow the pace of iPad releases for the rest of 2023, with an eye toward releasing a foldable iPad by 2024, noted Apple analyst Ming-Chi Kuo wrote Monday. "I'm positive about the foldable iPad in 2024 and expect this new model will boost shipments and improve the product mix," Kuo wrote on Twitter. Kuo's prediction aligns with a report from analyst firm CCS Insight, which wrote in October that Apple would launch a foldable iPad before it launches a foldable iPhone. In 2021, Kuo had predicted the release of a foldable iPhone in 2024, the same year he now predicts a foldable iPad to launch instead. Kuo said he expects a foldable iPad to feature a carbon fiber kickstand sourced from Chinese manufacturer Anjie Technology .

☆ A top Apple subscriptions executive, VP Services Peter Stern, is leaving the company
▼ + stars: | 2023-01-09 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +2 min

Peter Stern, one of Apple's top subscriptions executives, is exiting the company. In six years at Apple, Stern helped build Apple TV+'s business operations and the company's sports portfolio. Apple is reorganizing its Services unit and Stern's responsibilities will be split into three separate divisions, according to two people familiar with internal conversations at Apple. During his six-year tenure at Apple, Stern helped build subscription products such as Arcade, Books, and Apple One, News+, Fitness+, iCloud+. Apple's Services unit revenue continues to grow, as do its total subscriptions.

☆ Apple's mixed-reality headset could be announced as soon as this spring, top analyst says
▼ + stars: | 2023-01-06 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Apple 's long-awaited mixed reality headset could be announced as soon as this spring, top Apple supply chain analyst Ming-Chi Kuo said on Twitter recently. Ming-Chi Kuo, an Apple analyst at TF International, had initially predicted in June 2022 that Apple would announce a mixed-reality headset by the end of January 2023. Apple's headset is expected to cost between $2,000 and $3,000 and will boast over 10 cameras on the exterior and interior of the device, according to Bloomberg. The mixed-reality device will run on an operating system called xrOS, with mixed-reality adaptions of Apple's Messages, FaceTime, and Maps apps, according to Bloomberg. The Apple analyst also predicted the controversial loss of the headphone jack in the iPhone 7 series.

☆ Inflation fears fade as geopolitical risks rise
▼ + stars: | 2023-01-04 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

New York CNN —Inflation fears roiled the markets in 2022. Now, investors may have scarier things to worry about in 2023, according to a report from global research and consulting firm Eurasia Group. “Inflation shockwaves” still feature as one of Eurasia’s top political risks for 2023 in a new report. But FTX and Alameda were each forced to file for bankruptcy in December after investors rushed to pull deposits. Just a year ago, Apple was the first company in the world to reach a $3 trillion market valuation.

China has begun to ease some of its Covid restrictions after following a strict containment policy. A letter from the founder of the world’s largest iPhone assembler played a major role in persuading China’s Communist Party leadership to accelerate plans to dismantle the country’s zero-tolerance Covid-19 policies, according to people familiar with the matter. In the letter to Chinese leaders, Foxconn Technology Group founder Terry Gou warned that strict Covid controls would threaten China’s central position in global supply chains and demanded more transparency into restrictions on the company’s workers, the people said. Mr. Gou sent the letter a little more than a month ago as Foxconn’s factory in the city of Zhengzhou was rocked by turmoil over Covid restrictions.

[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.

☆ Apple has a huge problem at Foxconn's iPhone factory in China
▼ + stars: | 2022-11-25 | by ( Juliana Liu | ) edition.cnn.com time to read: +5 min

“Every week of this shutdown and unrest we estimate is costing Apple roughly $1 billion a week in lost iPhone sales. Now roughly 5% of iPhone 14 sales are likely off the table due to these brutal shutdowns in China,” he said. Security forces clash with workers during a protest outside Apple supplier Foxconn's factory in Zhengzhou, China, on November 23. Covid outbreakEarlier this month, Apple said shipments of its latest lineup of iPhones would be “temporarily impacted” by Covid restrictions in China. Even before this week’s demonstrations, Apple had started making the iPhone 14 in India, as it sought to diversify its supply chain away from China.

☆ Foxconn is stuck between rock and hard place
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Nov 24 (Reuters Breakingviews) - The $45 billion top Apple (AAPL.O) supplier Foxconn (2317.TW) is trying to resolve its problems in China with cash. Financial fixes can only do so much to tackle a problem stemming from Beijing’s zero-Covid policy. Workers have been upset after being forced to live in difficult conditions designed to stamp out Covid-19 infections. In every way, manufacturers in China face a long and bumpy road to recovery if they try to please both their workers and Beijing. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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