Struggling Apple display maker Japan Display claims it has nailed down an extra $830 million in bailout financial support from Japanese asset manager Ichigo Asset Management.
Ichigo joins Apple and Apple contract manufacturer Wistron in the effort to save the beleaguered business. And it wouldn’t have done it without Cupertino’s support.
Apple could sell upward of 3 million AirPods units during the Black Friday and Cyber Monday shopping holidays, claims Wedbush analyst Dan Ives.
Ives bases his guesstimate on Apple Store checks, inventory levels at a number of retailers, and more. Overall, Ives thinks Apple will sell more than 65 million AirPods units this year — and even more will follow in 2020.
Apple display-maker Japan Display may be struggling — but one of its executives apparently hasn’t been. The firm revealed today that it fired an accounting executive last year for allegedly embezzling $5.3 million over four years.
Japan Display is now cooperating with police in a criminal investigation of the unnamed employee.
Japan’s Fair Trade Commission is investigating Apple’s tactics for selling iPhones in the country.
The Japanese FTC thinks Apple might have abused its power by pressuring Japanese suppliers into unfavorable deals. Questionable methods allegedly include providing free technology and expertise to Apple affiliates, stopping them from selling to other companies, and making them shoulder costs for unforeseen problems.
Wedbush analyst Daniel Ives thinks this could be a bad time for Apple to shake up its supply chain by moving iPhone manufacturing out of China.
In a note to clients, Ives singles out the first 5G iPhone and the launch of Apple TV+ as reasons why Apple should seek to minimize stress right now. In other words, Apple execs could do without the “gargantuan” headache that shifting around its supply chain would involve.
Apple may help out struggling display-maker Japan Display, a new report claims.
Japan Display, which makes screens for the iPhone XR and an upcoming Apple Watch model, suffered a devastating blow this week. After appearing to have sorted out a bailout from a Chinese consortium, several members dropped out.
Apple’s third-generation AirPods could bring big internal design changes, according to a new report.
Supply chain sources claim Apple will switch to system-in-package (SiP) technology that frees up space inside each bud. The move could allow other components to be squeezed inside the tiny wireless headphones.
Foxconn is reportedly “within weeks” of starting trial production of the iPhone XS in India, Bloomberg reports.
Manufacturing will take place at a Foxconn factory in the southern city of Chennai. Rival manufacturer Wistron already makes the iPhone 6s, iPhone SE and — now — the iPhone 7 at its own facility in Bangalore.
iPhone display-maker Japan Display says it is in line for a financial injection that could bail out the struggling company.
The firm said Monday that it will raise up to 110 billion yen ($990 million) in new financing as early as this week. Japan Display has been suffering as a result of the slowdown in iPhone sales and Apple’s shift to OLED screens.
Tim Cook is seriously underrated. Seven years after taking over as CEO from Steve Jobs, the narrative that he’s riding his predecessor’s coattails needs to change. It’s just not true.
Cook is his own man, transforming Apple in his own way. See Monday’s Apple credit card and subscription News+ app as examples, which are centered on customer privacy, a big Tim Cook mandate.
The company today is a better corporate citizen than it was in the past. And as a business, it’s firing on all cylinders. Cook is doing almost everything right. Some pundits are beginning to argue he’s Apple’s best CEO yet.
Over the years, Apple took heavy criticism for employing an offshore supply chain rife with abuse. The company is still stained by the rash of worker suicides in 2010 at Foxconn, its main supplier.
But as Apple’s latest Supplier Responsibility report shows, the company continues to make remarkable strides to improve conditions for workers and the environment.
Apple stock took another plunge yesterday, finishing down 4.4 percent. The reason for the fall is continuing concerns about the iPhone, which have caused numerous analysts to downgrade their price targets for AAPL.
It’s not just Apple that’s being affected, either. The company’s suppliers have also been hit by fears about the future of iPhone sales. Multiple suppliers associated with Apple have seen their stock prices decline by up to 5 percent as a result.
There’s a good chance the iPhone and other Apple products will be hit with tariffs in the Trump administration’s trade war with China. The president has repeatedly stated his simple solution: Make the iPhone in the United States.
But an analyst warns that moving assembly of Apple’s handsets to the U.S. would significantly increase their price.
It hasn’t been a great month to own shares of Apple. But if you’ve been considering getting in, one analyst says now is the time to buy.
Shares of the iPhone-maker have dropped 17 percent in less than two weeks. But this an overreaction to bad news from parts suppliers.
Respected analyst Ming-Chi Kuo thinks the iPhone XR is going to be a massive smash hit for Apple — and it seems everyone is being taken by surprise by how in-demand it will be.
In a recent note to investors, Kuo increased his estimate for fourth-quarter iPhone XR shipments by 10 percent. Instead of 33 million to 35 million iPhone XR units over the quarter, he now thinks Apple’s suppliers will ship out 36 million to 38 million units.
Apple is shifting orders for the iPhone XR between its suppliers to make sure that there are as few supply constraints as possible when the device finally launches in October.
With Apple recently hitting a $1 trillion valuation, you’d think it would be a great time to be an Apple supplier. According to new quarterly earnings released by Apple’s long-time manufacturer Foxconn, however, that’s not entirely true.
As revealed in Foxconn’s latest financials, consolidated revenues rose 17 percent year-on-year to reach a new historical high of $34.43 billion for Q2 2018. Unfortunately, net profits for the quarter fell 2.18 percent on-year to their lowest level in five years.
Apple is sitting on a massive stockpile of unsold iPhone X devices, a new report claims. The backlog reportedly equals almost three times the number of the high-end handsets already shipped.
If correct, this would be unusual for Apple. The company normally proves very good at forecasting the number of units it should manufacture. The rumor suggests that, even nine months after the iPhone X went on sale, Apple is still trying to get to grips with the exact demand for the device.
It clearly makes Tim Cook angry that people think the iPhone is made in China. “It’s not true that iPhone isn’t built in the United States,” Apple’s CEO said today.
The design work definitely happens in the United States. However, Cook points out that Apple suppliers produce many components in this country as well.
Apple could deliver its first new devices of 2018 next month. A new report claims the company is gearing up to launch a new iPhone, iPad and MacBook in March. We’ll have to wait longer for an Apple Watch Series 4, however.
Although devices like the Galaxy S8 and Note 8 are officially Samsung’s response to the Apple’s next-gen phone, the South Korean tech giant will nonetheless do quite well from the success of the iPhone X.
How well? According to a new report, Samsung will earn roughly $110 for every iPhone X that Apple manages to sell.
Samsung plans a massive seven-fold increase in OLED production for Apple this year, according to a new report.
The display-making Samsung division reportedly installed seven production lines at its A3 plant, which will be dedicated exclusively to Apple. They will allow Samsung’s monthly OLED capacity for iPhone screens to increase from “just” 15,000 sheets to a massive 105,000 sheets!
Apple could make a significant investment in LG Display’s new OLED production facility to ensure exclusive supply for future iPhones, according to a new report.
The company is said to be considering a 2 trillion to 3 trillion won (approx. $1.75 billion to $2.62 billion) deal, and a final decision is expected later this month.
The iPhone 8 is set to be a monster seller for Apple, and that’s not so good if you’re a rival handset vendor in China, where smartphone component inventory levels are at an all-time low.
Currently in demand parts include smartphone memory, camera sensors and batteries. And high-volume production of new iPhones in the third quarter is likely to affect availability of fingerprint sensors, metal cases and assorted display components.
Apple’s A-series chipmaker Taiwan Semiconductor Manufacturing Company has reportedly begun production of the new A11 chip for the upcoming iPhone 8 and possibly the upgraded iPhone 7s handsets.