Wachiwit/iStock Editorial via Getty Images A number of Wall Street firms in recent days have upped their estimates for Apple’s (NASDAQ:AAPL) iPhone, citing stabilization in regions like China and even in the U.S. And while the benefits are obvious to Apple, the read-through for Apple suppliers is less clear. ResearchContinue Reading
FlashMovie Apple (NASDAQ:AAPL) suppliers, such as Taiwan Semiconductor Manufacturing Company (NYSE:TSM), stand to benefit as the Cupertino-based company looks to boost iPhone shipments this year. TSMC produces chips not only for iPhones, but also for iPads, Watches and Macs. Its shares ticked up 3% on Wednesday. Apple accounted for aboutContinue Reading
dontree_m/iStock Editorial via Getty Images Android (NASDAQ:GOOG) (NASDAQ:GOOGL) devices and iPhones (NASDAQ:AAPL) are still seeing “heavy” levels of discounting in China after the country’s 6.18 holiday last month, investment firm Jefferies said, citing recent checks. “Our industry checks indicate China’s smartphone vol still grew [high-single digits year-over-year] after 618, drivenContinue Reading
Kevin Frayer Apple’s (NASDAQ:AAPL) iPhone shipments in China soared 40% in May amid retail partners cutting prices of the device by offering attractive discounts ahead of the country’s June shopping festival, Bloomberg News reported. The China Academy of Information and Communications Technology disclosed figures, which showed that smartphone shipments roseContinue Reading
Justin Sullivan/Getty Images News Apple (NASDAQ:AAPL) was in focus on Tuesday as Evercore ISI raised its price target and revenue estimate for iPhones for fiscal year 2025, citing expected benefits from the tech giant’s recent artificial intelligence announcements. Shares rose 0.8% in premarket trading. “Apple stock has seen a niceContinue Reading
Lintao Zhang/Getty Images News Apple (NASDAQ:AAPL) had instructed its managers to reduce the number of workers on the iPhone final assembly lines by up to 50% over the next few years, The Information reported, citing two former Apple employees. In November 2022, police officers at a factory in Zhengzhou, ChinaContinue Reading
