Apple suppliers’ stock price hit hardest by slumping iPhone sales

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Foxconn Wisconsin
The benefits of being an Apple supplier might be overrated.
Photo: Foxconn

Being an Apple supplier can be a curse as much as a blessing for some Chinese companies.

While earning Apple’s business can give a big boost to a company’s stock, a new study found that Apple’s suppliers saw their share prices drop significantly lower than Apple’s stock did during the recent iPhone sales slump.

Apple whips its gigantic global supply chain into shape [Opinion]

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Apple supply chain worker inspecting glass
Apple is really cleaning up its supply chain under Tim Cook.
Photo: Apple

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.

Foxconn workers bear brunt of falling iPhone sales

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Foxconn
One of Foxconn's many factories, where it builds iPhones for Apple.
Photo: CBS

Reduced iPhone demand in China has hit Foxconn employees’ salaries and benefits, according to a new report.

A number of workers say that their salaries were reduced at the end of last year, due to a smaller number of working hours available. There has also not been the usual Foxconn recruitment drive, which was previously an expected part of the iPhone manufacturing process.

Huawei spies reportedly tried to get their hands on Apple secrets

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Chinese company Huawei wants the media buzz that would come with releasing the world's first foldable phone.
Report claims that Huawei tried to get information from Apple suppliers.
Photo: Kārlis Dambrāns/Flickr CC

Huawei may have overtaken Apple in terms of overall smartphone sales, but it apparently believes it’s still got a lot to learn from the Cupertino giant.

According to a new report, Huawei tried to glean information about future Apple products from supply chain sources. This information included details about the Apple Watch’s heart rate-tracking tech and MacBook Pro connector cables.

India’s decision to defer manufacturing tariffs could help Apple

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India3
Designed in California. Made in India.
Photo: Ste Smith/Cult of Mac

More and more Apple suppliers are considering building devices in India, and a new concession might make that possibility even more plausible.

According to a new report, India has deferred a plan which would have introduced tax on touch panel imports. These tariffs were supposed to be introduced in February, but have supposedly been delayed until at least April 2020. This follows lobbying from smartphone makers.

Foxconn will fulfill promise to create thousands of jobs in Wisconsin

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Foxconn signing
Foxconn and University Wisconsin officials signing a deal for a research center.
Photo: Bryce Richter/University of Wisconsin-Madison

Apple supplier Foxconn may be rethinking its U.S. manufacturing plans in Wisconsin, but the Taiwan-based company wants people to know it’s serious about delivering the jobs it promised.

Responding to a recent report, Foxconn says it will keep its promise to create 13,000 jobs in Wisconsin.

Sharp wants a piece of iPhone OLED manufacturing

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The iPhone XS Max screen delivers more of that OLED awesomeness.
Foxconn-owned manufacturer is looking to get in on building high quality displays for Apple.
Photo: Ste Smith/Cult of Mac

Japanese electronics firm Sharp, owned by Apple supplier Foxconn, is supposedly working to enter the supply chain for future iPhones boasting OLED displays.

The news comes shortly after a report claiming that Apple plans to include all OLED displays in its 2020 iPhone lineup. Currently it includes a mix of LCD and OLED models. As a result of the increased focus on OLED displays, a number of companies are supposedly gearing up their OLED panel production capability.

Apple wants tax incentives to boost iPhone assembly in India

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iPhone assembled in India
One of the first iPhones "assembled in India."
Photo: Indian Express

Apple is hoping to secure new tax incentives in India that will allow it to increase local iPhone production and export more devices to be sold in other countries.

The company has teamed up with other large names in the Indian Cellular and Electronics Association (ICEA) to propose a raise in export credits on smartphone shipments, as well as tariff cuts on imports of components and machinery.

The group argues that manufacturing growth cannot be sustained and accelerated without the changes.

Foxconn hiring spree allays some iPhone fears

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iPhone XR test
A top iPhone maker hiring thousands of new people is a strong sign that sales aren’t in a freefall.
Photo: Apple

A recent unconfirmed report indicated that Foxconn, who produces handsets for Apple, had laid off thousands of employees. But the company itself says it’s actually hiring 50,000 people, a sign that iPhone sales aren’t a weak as some fear.

Still, there are indications of a slowdown in Foxconn production, just not a dramatic one.

Foxconn gets more serious about assembling iPhones in India

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India3
Designed in California, built in India?
Photo: Ste Smith/Cult of Mac

Apple supplier Foxconn is reportedly showing more interest in manufacturing iPhones in India, a new report claims.

The move would reduce Apple’s reliance on China at a time in which turbulence in the Chinese market, both from customers and potentially trade tariffs, is causing headaches in Cupertino.