China’s Zhengzhou, home to world’s largest iPhone factory, ends Covid lockdown

China’s Zhengzhou, home to world’s largest iPhone factory, ends Covid lockdown

Hong Kong CNN Business  —  The central Chinese city of Zhengzhou, home to the world’s largest iPhone factory, has lifted a five-day Covid lockdown, in a move that analysts have called a much-needed relief for Apple and its main supplier Foxconn. Zhengzhou is the site of “iPhone City,” a sprawling manufacturing campus owned by Taiwanese … Read more

Elon Musk claims Apple has ‘threatened to withhold’ Twitter from its app store

Elon Musk claims Apple has ‘threatened to withhold’ Twitter from its app store

New York CNN Business  —  Elon Musk on Monday claimed that Apple has “threatened” to pull Twitter from its iOS app store, a move that could be devastating to the company Musk just acquired for $44 billion. “Apple (AAPL) has also threatened to withhold Twitter from its App Store, but won’t tell us why,” Musk … Read more

Apple has a huge problem with its supplier’s iPhone factory in China

Apple has a huge problem with its supplier’s iPhone factory in China

Hong Kong CNN Business  —  A violent workers’ revolt at the world’s largest iPhone factory this week in central China is further scrambling Apple’s strained supply and highlighting how the country’s stringent zero-Covid policy is hurting global technology firms. The troubles started last month when workers left the factory campus in Zhengzhou, the capital of … Read more

Foxconn protests: iPhone factory offers to pay its workers to quit and leave Zhengzhou campus

Foxconn protests: iPhone factory offers to pay its workers to quit and leave Zhengzhou campus

Hong Kong CNN Business  —  Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the world’s largest iPhone assembly factory, in an attempt to quell protests that saw hundreds clash with security forces at the compound in central China. The Apple supplier made the offer Wednesday following dramatic scenes … Read more

China zero-Covid: Workers at Zhengzhou iPhone factory clash with police, videos show

China zero-Covid: Workers at Zhengzhou iPhone factory clash with police, videos show

Beijing/Hong Kong CNN Business  —  Workers at China’s largest iPhone assembly factory were seen confronting police, some in riot gear, on Wednesday, according to videos shared over social media. The videos show hundreds of workers facing off with law enforcement officers, many in white hazmat suits, on the Foxconn campus in the central Chinese city … Read more

Opinion: This record number in Nvidia earnings is a scary sight

Opinion: This record number in Nvidia earnings is a scary sight

Nvidia Corp.’s financial results had a bit of a surprise for investors, and not on the good side — product inventories doubled to a record high as the chip company gears up for a questionable holiday season. Nvidia reported fiscal third-quarter revenue that was slightly better than analysts’ reduced expectations Wednesday, but the numbers weren’t … Read more

Microsoft co-founder Paul Allen’s art collection sells for an unprecedented $1.5 billion

Microsoft co-founder Paul Allen’s art collection sells for an unprecedented $1.5 billion

The unprecedented $1.5 billion sale of the late Microsoft MSFT, +1.70% co-founder Paul Allen’s masterpiece collection Wednesday evening at Christie’s — followed by strong results for the sale of 95 more works on Thursday — is giving a boost of adrenaline to the art market.  The results appear to point to continued strength for art sales, although … Read more

iPhone 14 shipments hit by China’s Covid curbs in Zhengzhou affecting Foxconn

iPhone 14 shipments hit by China’s Covid curbs in Zhengzhou affecting Foxconn

New Delhi CNN Business  —  Apple has said that shipments of its latest lineup of iPhones will be “temporarily impacted” by Covid restrictions in China. In a statement on Sunday, the company said that its assembly facility located in the central Chinese city of Zhengzhou is “currently operating at significantly reduced capacity,” due to Covid … Read more