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Apple's Key Supplier Under Scrutiny After Employees Detained In China Over Breach Of Trust Allegations: No Harm To iPhone Partner, Says Taiwan Council
Friday, October 11, 2024 - 6:01am | 606Read More...Four Taiwanese employees of Foxconn, also known as Hon Hai Precision Industry, the primary assembly partner of Apple Inc. (NASDAQ:AAPL), have been detained by the Chinese police. What Happened: The employees were apprehended in Zhengzhou, a central mainland Chinese city, where Hon Hai operates the...
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Lordstown Motors Q3 Highlights: Breaking Down Cash Balance, Plant Sale, Production Timeline
Thursday, November 11, 2021 - 5:41pm | 355Read More...Automotive company Lordstown Motors (NASDAQ: RIDE) reported its third-quarter financial results after close Thursday and provided a company update on its timeline. What Happened: Lordstown reported a net loss of $95.8 million in the third quarter and no revenue. The company ended the quarter...
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Apple Supplier Foxconn Reports Q2 Earnings Beat
Wednesday, August 12, 2020 - 3:53am | 267Read More...Hon Hai Precision Industry Co Ltd (OTC: HNHPF), better known as Foxconn, posted a net profit of $778.54 million for the second quarter ended June — beating analyst estimates, Reuters reported Wednesday. Work From Home Led To Profits: The Taiwanese tech manufacturer reported a net...
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Apple's Suppliers Are Feeling The Heat Amid A Poor iPhone 8 Debut
Tuesday, September 26, 2017 - 9:36am | 414Read More...Apple Inc. (NASDAQ: AAPL)'s iPhone 8 debut is off to a rocky start as the phone's features are "lackluster" versus its competitors, according to Bloomberg News' Mark Gurman. While it may be true that many iPhone buyers are holding out a few weeks for the higher-end iPhone X...
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Taiwan's Stock Market Surges Following Reports Apple Supply-Chain Manufacturers Told To Expect Massive iPhone 7 Output
Monday, May 23, 2016 - 8:45am | 217Read More...Taiwan's stock exchange jumped higher on Monday as the country's main index, the TSEC, gained 2.62 percent. Investors were buying high tech stocks and key members of Apple Inc. (NASDAQ: AAPL)'s supply chain after Taiwan's Economic Daily said that suppliers to the iPhone 7 device were told to...
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Major M&A Activity In Asia: Hon Hai Proposes $2.49 Billion Acquisition Of Sharp
Monday, December 28, 2015 - 10:08am | 144Read More...According to The Japan Times, Taiwan-based Hon Hai Precision Industry Co., Ltd.-ADR (OTC: HNHPF) has proposed acquiring Japan-based Sharp Corporation (ADR) (OTC: SHCAY) for 300 billion yen (approximately $2.45 billion). The Japan Times noted that the acquisition offer represents a premium of...
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Apple's Q2 Earnings Foreshadowed by Weak Foxconn Results
Wednesday, April 10, 2013 - 1:28pm | 486Read More...Is Apple (NASDAQ: AAPL) about to a report a disappointing quarter? The Cupertino, California-based tech giant will report its fiscal 2013 second quarter results on April 23. This is exactly three months after the company reported a record-breaking first quarter, selling 47.8 million iPhones and 22...
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Foxconn Plant Closure Could Impact iPhone 5 Production
Monday, September 24, 2012 - 9:18am | 561Read More...Foxconn has temporarily closed one of its assembly plants after a riot broke out in northern China, sparking concerns about the effect this might have on Apple's (NASDAQ: AAPL) iPhone 5. According to Reuters, the riot involved roughly 2,000 workers and as many as 5,000 members of law enforcement...
