Apple has told some of its contract manufacturers that it wants to boost production outside China, citing Beijing’s strict anti-Covid policy among other reasons, people involved in the discussions said. India and Vietnam, already sites for a small portion of Apple’s global production, are among […]
Apple
In its own way, Apple may have found a financial solution to the supply chain crises dogging manufacturers worldwide. After the latest set of Apple quarterly numbers, Wall Street analysts running the numbers say it’s possible to see how Apple can deliver double-digit profit growth without needing its manufacturing-driven hardware […]
Apple’s revenue grew nearly 9% year over year in the quarter ended in March, the company said on Thursday, showing strong growth and bucking investor worries about a deteriorating macroeconomic environment affecting demand for high-end smartphones and computers. But Apple shares fell nearly 4% in extended trading after Apple CFO […]
Updated Feb. 24, 2022 9:45 am ET Wall Street stocks and global indexes moved sharply lower after Russia’s invasion of Ukraine sent investors rushing for safety. Russia’s MOEX stock benchmark dropped 37%. Here’s what we’re watching on Thursday. Energy stocks were among the few bright spot in markets as rising […]