A bunch of Apple products will be hit by new levies on Sunday after being entered into the Federal Register today.
Apple Watch, AirPods, iMac and more will be taxed 15% when entering the U.S. from China. It will be the first time Apple has been affected by the ongoing trade war.
Apple may be trying to wean itself off manufacturing in China, but despite its use of factories in Brazil and India, it’s actually relying on China more than ever.
According to Reuters, the majority of Apple suppliers have become increasingly concentrated in China. Although Apple uses small factories outside the country, these are typically used only for small domestic runs.
During a Friday-night dinner with Donald Trump, Apple CEO Tim Cook very nearly convinced the president that import taxes planned for iPhone and other products would benefit Samsung.
Apple will pay proposed tariffs on products imported from China, while Korea-based Samsung — Cupertino’s chief competitor — will not.
Apple is readying 75 million 80 million iPhones ahead of next month’s iPhone 11 launch, says Wedbush analyst Daniel Ives.
Despite some of his gloomier peers “yelling fire in a crowded theater” about Apple, he’s confident about Apple’s future. That’s even with the ongoing U.S. vs. China trade tensions looming menacingly in the background.
Shares of Apple jumped over 4% after iPhones were removed from the list of items that will be hit with import taxes at the beginning of September.
However, tariffs could still go into effect for phones, Macs, and other Apple products in mid December.
President Donald Trump’s newly announced China tariffs put a real hurting on Apple’s stock price. But don’t worry, because investors think Apple will weather the storm — and advise that you hang onto your AAPL holdings for now.
Heck, you could even buy more.
Don’t panic: the introduction of new import tariffs by President Trump isn’t going to make the next iPhone even more expensive!
That’s the message from reliable Apple analyst Ming-Chi Kuo. In his latest note to client, Kuo says that he thinks Apple will absorb the cost of any tariffs, rather than pass them on to customers.
Apple is celebrating China’s National Fitness Day with a new Apple Watch Activity challenge. August 8 was first named National Fitness day in 2009, commemorating the anniversary of the 2008 Beijing Olympics opening.
To complete the National Fitness Day challenge, users will need to record a workout of half an hour or longer.
Apple would prefer to build the upcoming Mac Pro in the United States. In fact, the company is trying to make it happen, CEO Tim Cook said Tuesday.
“We’ve been making the Mac Pro in the United States and we want to continue doing that,” Cook said during Apple’s earnings call. “We’re working and investing currently in the capacity to do so. We want to continue to be there.”
iPhone shipments in China tumbled 14% in the last quarter, according to new figures published by Canalys.
In doing so, it left the market open for Huawei to continue its rise. Huawei, which overtook Apple in total smartphone sales last year, increased its shipments by 31% during the same period.
The most yawn-inducing Apple earnings call of the year is just days away, and Wall Street is eagerly anticipating the results — though maybe for reasons you wouldn’t expect.
Apple CEO Tim Cook and CFO Luca Maestri are scheduled to hop on the phone with investors at 2 p.m. Pacific next Tuesday for Apple’s Q3 2019 earnings call. Even though Apple doesn’t reveal quarterly sales for iPhones anymore, there are a lot of metrics to look for that could clue us in on how well or poorly the company is performing lately.
Keep an ear out for these five things during Apple’s July 30 earnings call.
President Donald Trump said Friday that Apple will not receive special treatment for Mac Pro components made in China.
Apple submitted multiple requests asking the Trump administration to exclude certain Mac Pro parts from a 25% import tariff. But Trump says the U.S. government will not extend any special waivers or relief to Cupertino.
“Make them in the USA,” Trump tweeted.
Apple is gearing up to carry out a trial production of AirPods in Vietnam. This is as part of Apple’s aim to expand manufacturing outside of China.
Earlier this summer, Apple asked its suppliers to explore manufacturing in other markets. This was at a time when concerns about possible China tariffs were at their height.
Apple has opened a new Design and Development Accelerator in China to promote app development in the country.
Located in Shanghai, the accelerator features a range of lectures, workshops, networking events and more covering all of Apple’s different platforms.
Xiaomi has a history of shamelessly ripping off bigger brands, and nine times out of ten, its chosen target is Apple.
The Chinese company has previously cloned the iPhone, iPad, MacBook, and more — without a single shred of fear that it might one day feel the wrath of Apple’s legal department.
Xiaomi’s latest ripoff is its own version of Memoji, and it brazenly stole Apple’s own commercials to promote it on a number of retail channels this week.
Here’s how Xiaomi gets away with it.
Apple could have a surprising trick up its sleeve to save the iPhone in China.
New reports claim the company is working on a smartphone exclusively for the Chinese market. The device is expected to be significantly more affordable and will include an under-display fingerprint scanner in place of Face ID.
Apple is the big winner of global trade talks at the G20 summit in Osaka, Japan.
That’s according to Wedbush analyst Daniel Ives. Ives notes that Apple has become the “poster child” for the U.S. vs. China trade war. As a result, the news that trade talks will resume between President Donald Trump and China’s President Xi Jinping is a winner for Apple.
The burgeoning trade war with China has caused Apple no end of headaches. But an end could be in sight, according to Treasury Secretary Steven Mnuchin.
Speaking with CNBC, Mnuchin said that the U.S. and China have a “path to complete this.” He notes that both parties were “90% of the way there” during previous talks, before discussions broke down.
A lobbyist representing tech companies including Apple has warned that tariffs on Chinese products will have a catastrophic impact.
Sage Chandler, of the Consumer Technology Association, said that President Trump’s proposed import tariffs will cause the price of consumer products to rise significantly.
Apple wants its suppliers to explore manufacturing outside of China — and it seems that many in its supply chain are listening.
According to a pair of new reports, Compal and Quanta, who make the iPad and MacBook for Apple, are looking overseas for future production.
Apple warned U.S. trade representatives this week that President Donald Trump’s plan to impose more tariffs on Chinese goods will negatively impact its contributions to the U.S. economy.
In a letter written to U.S. trade representative Robert Lighthizer, Apple urged the government not to impose tariffs. The new set of tariffs would make Apple’s products more expensive and give Apple’s competitors an advantage.
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.
$120,000 of knockoff parts for iPhones and other handsets have been seized by customs officials in Hong Kong. The parts were being used to repair handsets sent in from countries including the United States, U.K. and Australia.
The director and manager of the company were arrested during a raid on the company’s offices in the city of Tuen Mun. The offices were being used as a workshop and warehouse. One hundred phones sent in for repairs were found onsite.
The drop in iPhone sales among Chinese consumers that hurt Apple so much last year is now a thing of the past, according to market analysts. The company saw five straight months of growth in that important region.
Apple has reportedly asked its main suppliers to evaluate the cost of shifting 15% to 30% of their production from China to Southeast Asia.
This is a response to the burgeoning China and U.S. trade war, which has already impacted Apple’s share price. If new tariffs go into effect, it could drive up the cost of Apple devices considerably.
