HONG KONG – When a small group of workers spent 27 hours locked inside the world’s largest iPhone factory in early October, it appeared to be little more than another temporary lockdown in China’s ongoing war against Covid-19. But the outbreak continued and on Monday, days after saying operations were stabilizing, Foxconn Technology Group cut … Read more
The Cupertino, California-based tech giant said on Sunday that the Zhengzhou assembly plant is currently operating but at reduced capacity. “We now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously expected, and customers will experience longer wait times to receive their new products,” the company said. Last week, Apple … Read more
A boarding school conducts a social experiment: a smartphone ban for all students and faculty. Buxton School, a 57-student high school in Williamstown in northwestern Massachusetts, had always prided itself on its close-knit community, where family-style meals are eaten at round tables and students and teachers share duties. But as smartphones became ubiquitous, faculty members … Read more
Cristiano Amon is the CEO of Qualcomm. The company on Wednesday became the latest chipmaker to see its numbers hit by a rapidly weakening smartphone market. Photo: Victor J. Blue/Bloomberg News Updated November 3, 2022 at 4:52 PM ET Qualcomm QCOM -7.66% will keep Apple‘s AAPL -4.24% lucrative iPhone business for a while yet – … Read more
Qualcomm Inc. shares fell in the extended session on Wednesday after the chipmaker’s poor outlook and estimates of about two months or more of inventory it needs to manage in its core business. Qualcomm QCOM, -4.12% shares fell 7.6% after hours, after falling 4.1% to close at $112.50 in the regular session. In late July, … Read more
Qualcomm Inc. again lowered its forecast for smartphone shipments and gave a gloomier-than-expected sales outlook, joining other chipmakers facing a sharp turnaround in consumer demand after a pandemic-fueled boom. The mobile phone chip designer cut its forecast to a low double-digit percentage decline from a previous forecast of a mid-single-digit decline, indicating that the downward … Read more
Qualcomm Inc. again lowered its forecast for smartphone shipments and gave a gloomier-than-expected sales outlook, joining other chipmakers facing a sharp turnaround in consumer demand after a pandemic-fueled boom. The mobile phone chip designer cut its forecast to a low double-digit percentage decline from a previous forecast of a mid-single-digit decline, indicating that the downward … Read more
HONG KONG — The industrial park where Foxconn Technology Group’s iPhone assembly plant is struggling to maintain production amid a Covid-19 outbreak entered a week-long lockdown on Wednesday after the region’s governor visited the site and urged local officials to step up surveillance of the virus . control campaign. The Zhengzhou Airport Economy Zone in … Read more
TOKYO— Foxconn 2317 -1.44% Technology Group plans to shift some production from its Covid-hit iPhone factory in central China to other parts of the country, people familiar with the matter said, as many workers fearing the outbreak have left the factory. Foxconn has struggled to contain a Covid-19 outbreak at its Zhengzhou facility, the world’s … Read more
TOKYO— Foxconn 2317 -1.44% Technology Group plans to shift some production from its Covid-hit iPhone factory in central China to other parts of the country, people familiar with the matter said, as many workers fearing the outbreak have left the factory. Foxconn has struggled to contain a Covid-19 outbreak at its Zhengzhou facility, the world’s … Read more