China’s Henan province sees drop in smartphone exports as Apple diversifies manufacturing supply chain outside the mainland

According to data released by Zhengzhou’s local customs authority, Henan’s smartphone exports totalled 6.65 million units in the first quarter, down 60.1 per cent from the same period last year. The customs data did not provide a breakdown of the handset exports by brand. An iPhone assembly line worker checks one of the devices made … Read more

Apple adds suppliers in China despite efforts to spread out production, underscoring country’s major supply chain role

Apple added eight Chinese suppliers and removed four contractors on the mainland during its past financial year ended September, the first time since 2021 that the US tech giant introduced more suppliers from the country than it cut, according to its newly published supplier list. Despite Apple’s recent efforts to diversify its supply chain and … Read more

Alibaba’s Taobao launches 3D-capable shopping app ahead of Apple’s mainland release of Vision Pro mixed-reality headset

The app was rolled out last Friday for use on the US$3,499 mixed-reality headset, which the US tech giant released in February in the United States, the only market where the wearable device is currently available. Apple chief executive Tim Cook has said that the Vision Pro is expected to be available in China this … Read more

Apple stock just had its best day since last May

Apple CEO Tim Cook greets customers as he arrives for the release of the Vision Pro headset at the Apple Store in New York City on Feb. 2, 2024. Angela Weiss | AFP | Getty Images Apple shares climbed 4.3% on Thursday to a share price of $175.04. It is Apple’s best day since May … Read more

Apple’s iPhone shipments slumped in February, highlighting why CEO Tim Cook went on a charm offensive in China

Apple’s iPhone shipments in China fell by about one third in February from a year ago, according to official state data released Tuesday, a sign that the US tech giant is losing ground to Chinese smartphone brands in the world’s second-largest economy. Apple chief executive Tim Cook visited Shanghai last week in an apparent charm … Read more

Apple to launch Vision Pro in China this year, Tim Cook says

Apple’s Chief Executive Officer Tim Cook attends the China Development Forum in Beijing on March 24, 2024.  Pedro Pardo | AFP  | Getty Images Apple will launch its Vision Pro headset in China this year, CEO Tim Cook told Chinese state media. In a video posted on one of CCTV’s accounts on Chinese social media … Read more

DOJ sues Apple over iPhone monopoly in landmark antitrust case

The Department of Justice sued Apple on Thursday, saying its iPhone ecosystem is a monopoly that drove its “astronomical valuation” at the expense of consumers, developers and rival phone makers. The government has not ruled out breaking up one of the largest companies in the world, with a Justice Department official saying on a briefing … Read more

Apple CEO Tim Cook meets BYD, other key mainland suppliers in Shanghai as US tech giant opens 57th China store

At Apple’s office in Shanghai, Cook on Wednesday met two billionaire company founders: Wang Chuanfu, the chairman and chief executive of the world’s largest electric vehicle maker BYD, and Zhou Qunfei, the chairwoman and chief executive of touch screen manufacturer Lens Technology. Also present at the meeting was Chen Xiaoshuo, chief executive at electronic components … Read more

Apple is considering alliances with a Chinese tech giant and rivals as the AI war heats up

Apple wants AI tech on its iPhones – and is reportedly in talks with two of its rivals and a Chinese internet giant to make it happen. The Wall Street Journal reported that Apple is in early discussions with Baidu – the go-to search engine in China – to bring its generative AI model, the … Read more

Company faces years of distractions

Apple CEO, Tim Cook, testifies before the Senate Homeland Security and Governmental Affairs Committee’s Investigati Getty Images The U.S. Department of Justice sued Apple on Thursday, accusing it of using the iPhone’s market power to cut off rivals, kicking off a multiyear process involving hundreds of lawyers and threatening Apple’s “walled garden” business model. If … Read more