Apple Inc. (AAPL)
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Apple Inc. (AAPL)
China's coronavirus might disrupt Apple's production plans for the iPhone
Apple's supply chain could be seriously disrupted by the outbreak of the coronavirus in China, sources told Nikkei Asian Review. The virus has hit just as Apple was reportedly preparing to start manufacturing a new smaller, cheaper iPhone model. Most of Apple's supply chain is in China and the company's biggest manufacturing plant is in Henan province, which borders on Hubei province where the outbreak originated. Visit Business Insider's homepage for more stories. It looks like the rapid spread of the coronavirus in China could sting Apple's iPhone supply chain, according to a report from Nikkei Asian Review . An anonymous supply chain executive told Nikkei the coronavirus — the current death toll for which stands at 106 at the time of writing — could make meeting production deadlines difficult. "The [coronavirus] situation in China could affect the planned production schedule," said the executive. Apple is reportedly gearing up to start manufacturing a new model of iPhone that's smaller and cheaper than the current generation, with rumors circulating that the new model will have a 5.4-inch screen and come out in fall of 2020 .
Bloomberg: Coronavirus Outbreak Could Impact 'iPhone 9' Production
Apple's production plans for the so-called " iPhone SE 2 " or " iPhone 9 " could face disruption after the Lunar New Year holiday due to the coronavirus outbreak that caused more than 100 deaths in China, reports Bloomberg 's Mark Gurman. "‌iPhone 9‌" concept render by @OnLeaks via iGeeksBlog The vast majority of Apple's iPhones are made in China, by Foxconn in Zhengzhou and by Pegatron at an assembly plant near Shanghai. Both of the locations are more than 500 kilometers away from Wuhan, the epicenter of the virus outbreak, but Gurman suggests the distance "doesn't immunize them from its effects," and analysts he spoke to agreed. "I can't imagine a scenario where the supply chain isn't disrupted," said veteran industry analyst Patrick Moorhead of Moor Insights & Strategy. "If there's one major hiccup in the raw materials, fabrication, assembly, test, and shipping, it will be a disruption." Apple typically launches its flagship smartphones around September, so the coronavirus shouldn't affect those plans, but Apple is also reportedly prepping a new low-cost iPhone that's set to be released during the first half of 2020 – possibly as early as March – which puts those mass production plans "more at risk," says Gurman.
10 Stocks To Watch For January 28, 2020
Some of the stocks that may grab investor focus today are: Wall Street expects Pfizer Inc. (NYSE: PFE ) to report quarterly earnings at $0.57 per share on revenue of $12.61 billion before the opening bell. Pfizer shares gained 0.2% to $40.23 in after-hours trading. Analysts expect Apple Inc. (NASDAQ: AAPL ) to post quarterly earnings at $4.54 per share on revenue of $88.43 billion after the closing bell. Apple shares dropped 2.9% to close at $308.95 on Monday. Brown & Brown, Inc. (NYSE: BRO ) reported stronger-than-expected results for its fourth quarter. Brown & Brown shares climbed 2% to $42.49 in the after-hours trading session. Before the markets open, United Technologies Corporation (NYSE: UTX ) is projected to report quarterly earnings at $1.84 per share on revenue of $19.37 billion. United Technologies shares … Full story available on Benzinga.com
Apple could be forced to delay launch of new iPhone due to coronovirus outbreak
A new report claims that the coronavirus outbreak could cause disruption to Apple’s plans to ramp up its iPhone productions
Apple strikes back at EU, says universal charger will stifle innovation, harm environment
A proposal by the European Commission for a standard phone charger has fallen on deaf ears at Apple, which claims that the new rule would hamper innovation and harm the environment. Apple commissioned… Click to continue
Coronavirus outbreak may disrupt Apple iPhone production ramp up plans, says report
Apple has asked its suppliers, many of whom have manufacturing centers in China, to make up to 80 million iPhones in the first half of 2020, the Nikkei reported, citing people familiar with the company's plans.
Govt losing Rs 2,400 cr from rampant smuggling of high-end phones
New Delhi: At a time when the government has been squeezed of revenue, the mobile handsets industry has pointed out that excessive duties of 20 per cent on high-end phones priced at Rs 50,000 and above is causing a loss of Rs 2,400 crore on an annual basis to the government. The industry, in a representation to Finance Minister Nirmala Sitharaman, Commerce &Industry Minister Piyush Goyal, and Electronics & IT Minister Ravi Shankar Prasad, has stated that there is an immediate need to rationalise duties down to Rs 4,000 per phone beyond a landed price of Rs 20,000 for imported phones. Phones in this range sell for nearly double the price in the open market, after adding duties, GST and margins as well as marketing, distribution and inventory holding costs for the entire supply chain, which includes brand owners, manufacturers, national and regional distributors and retailers. In a detailed letter, the leading industry association for mobile handset manufacturers - India Cellular & Electronics Association (ICEA) - whose members include Oppo, Vivo, Flextronics, Foxconn and Apple - has argued that a change to a flat rate would wipe out the losses to the exchequer and result in an additional earning of Rs 1,000 crore on account of GST collection.
How coronavirus may impact Apple's business in the long run
Apple has been increasing production to meet higher-than-anticipated iPhone demand.Virtually all of the world’s iPhones are made in China
Amazon, Google, Apple Set Aside Differences to Establish IoT Standard
The biggest tech companies in the world will stand side-by-side on an initiative to make smart devices easier to connect.
Feast your eyes on these stunning new iPhone 12 renders
This year is set to be a major one for the iPhone, with the new iPhone 12 series poised to include 5G support, four phones in three display sizes, and at least some of the models boasting the biggest redesign the phone has seen over the last few generations. Among the tidbits that have leaked out, the iPhone 12, iPhone 12 Pro, and the iPhone 12 Pro Max will feature a new rear camera setup though they’ll still have a notch plus flat steel all around the edges. The lineup will also include 5G support and come in 5.4-inch, 6.1-inch, and 6.7-inch variants that also feature OLED screens and 2mm bezels. Along these lines, new iPhone 12 concept renderings have just been published that provide a better look at what we're likely to see once Apple officially unveils the new iPhone series later this year. The renderings below combine publicly released leaks and rumors that have come out so far to result in these images, produced via a partnership between Dutch tech news blog LetsGoDigital and designer Jermaine Smit, aka Concept Creator.
Is Apple credit card a good deal for consumers?
Is Apple credit card a good deal for consumers? Should you get it now?
Apple (AAPL) earnings: is there an upside for the stock?
Apple Inc. (AAPL) shares are trading at $219, up 3%. The company is announcing its quarterly earnings results on Thursday after the market close. What's driving Apple stock price? What's AAPL stock price forecast?
Box (BOX) stock: not-so-profitable growth
Box, Inc. (BOX) shares are trading at $26.05, prior to the earnings today. What should investors be aware of--and what will the market be watching out for in the upcoming earnings?
Fitbit (FIT) earnings preview: is the company turning around?
Fitbit, Inc. (FIT) is expected to report earnings on August 1 after market close. What are FIT earnings expectations? What news should investors be paying attention to?
Pandora Media (P) earnings preview: eyes on the AdsWizz acquisition
Pandora Media, Inc. (P) is expected to report earnings on July 31 after market close. What are P earnings expectations? What news will the market be watching out for?
Apple (AAPL) earnings preview: mid-teen revenue growth
Apple Inc. (AAPL) is expected to report earnings on July 30 before market open. What are APPL earnings expectations? What news will the market be watching out for?
QUALCOMM (QCOM) earnings preview: tepid revenue projections
QUALCOMM (QCOM) is expected to report earnings on July 25 after market close. What are QCOM earnings expectations? What news will the market be watching out for?
Energous (WATT) downgraded, but stock is up: why?
Just as ValuEngine downgraded Energous (WATT), investors related violently and bought the shares of this company. The stock price is up 6% in mid-day trading. What is driving this?
Alphabet (Google), Apple, Amazon or Facebook: who will win the race?
This past weekend we asked stocks investors on Twitter: which company among the tech giants (Alphabet, Apple, Amazon or Facebook) will outgrowth the competition? We got some pretty insightful responses from our Twitter audience and are sharing with you their growth predictions in this post.
Fitbit (FIT): Is The Stock Worth Investing In?
The Fitbit stock (NYSE: FIT) barely moved today. What is the stock price forecast for this company? And what are the things you should know about this stock?
Netflix (NFLX): Has The Stock Peaked?
The Netflix stock (NASDAQ: NFLX) spiked around 4% today in mid-day trading.The stock witnessed a 60% year-to-date increase. What is the stock price forecast?
Intel and Apple: What's Next?
Intel’s stock price witnessed a big decline yesterday after Bloomberg reported that Apple would not use Intel chips for its Mac computers. What's next for the Intel stock?
Microsoft (MSFT): How High Is The Sky?
Microsoft (NASDAQ: MSFT) declined 5% in today’s trading, to below $90 per share. What is the forecast (prediction) for the stock price?
FAANG Pullback Inevitable in 2018?
As you're entering 2018, you may be wondering which stocks that you own in your portfolio are bound for a 'correction' in 2018. Here is our take...
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