Apple’s support helps Japan Display nail down an extra $830 million bailout

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Apple’s support helps Japan Display nail down an extra $830m bailout
Japan Display is getting some help from Japanese asset manager Ichigo Asset Management.
Photo: Pixabay/Pexels CC

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.

Today in Apple history: iPhone factory deaths spark investigation

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Foxconn
Tim Cook visits one of Apple's factories in China.
Photo: Apple

December 11: Today in Apple history: Deaths at Pegatron iPhone factory spark investigation December 11, 2013: A Chinese labor rights group calls on Apple to investigate the deaths of several workers at a Shanghai factory run by iPhone manufacturer Pegatron.

Most controversially, one of the dead workers is just 15 years old. The underage worker reportedly succumbed to pneumonia after working extremely long hours on the iPhone 5c production line.

Apple could sell 3 million AirPods over Black Friday and Cyber Monday

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Apple could sell 3 million AirPods over Black Friday and Cyber Monday
AirPods are worth their weight in gold to Apple.
Photo: Caviar

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 executive fired for embezzling millions of dollars

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Apple display maker exec fired for embezzling millions of dollars
Japan Display makes LCD screens for the iPhone.
Photo: Kristal Chan/Cult of Mac

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 investigates Apple again

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Apple Japan required carriers to subsidize iPhone
Apple is accused of abusing its power with suppliers.
Photo: Apple

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.

This might be a bad time for Apple to move out of China

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Larry Kudlow
Tim Cook speaks with a worker on an iPhone production line.
Photo: Apple

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 throw a lifeline to struggling iPhone display-maker

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iPhone sales
Japan Display currently makes iPhone XR displays for Apple.
Photo: Apple

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.

Today in Apple history: iPad 2 leak lands insiders in prison

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The iPad Pro.
Leaking pre-release images could land you behind bars.
Photo: Leander Kahney/Cult of Mac

June 15: Today in Apple history: iPad 2 leak lands insiders in prison June 15, 2011: Three people get sentenced to prison in China for leaking information about the iPad 2 prior to its release.

The Foxconn R&D employees receive sentences ranging from one year to 18 months. They also must pay fines between $4,500 and $23,000. If you ever wonder why more Apple products don’t leak prior to release, this might help explain why!

‘AirPods 3’ could bring big design changes this year

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AirPods 2 with box on desk
AirPods Pro could be more affordable thank you think.
Photo: Ian Fuchs/Cult of Mac

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 gears up to make flagship iPhones in India

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iPhone XS Max vs. iPhone XS size: Sometimes bigger really is better.
Designed in California, built in India.
Photo: Ste Smith/Cult of Mac

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.