Foxconn faces revenue slump after iPhone factory fallout December 5, 2022 Revenues slumped for Foxconn as the iPhone manufacturing partner feels the sting on ongoing unrest over Covid restrictions and pay. The company reported NT$551bn (£14.7bn) in revenue last month, tumbling 29 per cent from October, and 11 per cent on the year before. November is usually a prosperous period for the firm, as it gears [...]
Foxconn boosts efforts to lure in staff as iPhone supply concerns mount December 1, 2022 Apple’s iPhone supplier Foxconn has boosted efforts to lure new employees as unrest continues in the crucial Zhengzhou region. Foxconn is now offering a 1000 yuan award (£117) to any employee that successfully refers a friend or family member to work at the plant. This new employee will need to work at the company for [...]
Mayhem in Chinese hub could mean 6m iPhones losses for Apple November 28, 2022 Mayhem at Apple’s key iPhone hub could mean that six million Pros models are lost this year, in a major blow to the tech firm in the run up to the all-important Christmas period. Production has been stunted by protests at Foxconn Technology’s Zhengzhou production factory over the past few weeks, as well as impending [...]
Foxconn apologises for pay issue after iPhone factory protests November 24, 2022 Apple’s iPhone partner Foxconn has apologised for a pay-related “technical error” when hiring new staff at the Covid battered Zhengzhou plant. Protests erupted this week across the world’s biggest iPhone factory, with videos circulating on social media of workers taking action against strict lockdown measures and pay issues. Foxconn said in a statement this morning: “Our [...]
Riots break out at world’s biggest iPhone factory in China over Covid and pay November 23, 2022 Protests have broken out at the world’s biggest iPhone factory in the Chinese city of Zhengzhou. According to reports from Bloomberg, workers at the Foxconn Technology plant started to protest overnight over unpaid wages and fears of Covid rates. Footage has circulated online, showing hundreds of workers marching, with riot police present. Tensions have been growing in [...]
Competition watchdog launches deeper probe into Apple and Google’s mobile dominance November 22, 2022 Competition regulators continue to cast their net towards Google and Apple, with a new in-depth investigation launched this morning over their mobile browser dominance. The Competition and Markets Authority (CMA) said it would be examining whether new rules are needed for users and developers in this space after it conducted a consultation. Around 97 per [...]
Tech troubles: Apple iPhone 14 shipments hit by Chinese Covid-19 curbs November 7, 2022 There will be fewer iPhone 14’s under Christmas trees this year after Apple forecast smaller shipments of its latest offering. Apple supplier Foxconn issued a significant production cut as it battled against a Covid-19 outbreak at one of its large facilities in China in mid-October and tough local pandemic restrictions. The Zhengzhou plant – one [...]
Apple’s main iPhone maker heads for production woes as Covid curbs tighten October 31, 2022 Apple’s main mobile maker Foxconn is preparing to shift production to other parts of China as Covid curbs continue to tighten across the country. Sources told Reuters that the production of the iPhone could slump as much as 30 per cent following the factory disruption. The main plant in Zhengzhou employs over 200,000 people and [...]
The torrid week for tech continues as Amazon sheds £175bn October 28, 2022 The torrid week for tech continued last night, with Amazon leaving investors bewildered and Apple somehow defying the trend of its Silicon Valley cousins. Amazon shares tumbled as much as 18 per cent on Thursday night, wiping $202bn (£175bn) off its valuation. The major sell-off came after the e-commerce giant warned against weaker consumer spending [...]
Spotify calls out ‘kafkaesque’ App Store regulations in its audiobook push October 26, 2022 The boss of Spotify has criticised Apple for stifling its big break into audiobooks, calling its rules around customer access “kafkaesque”. The music streaming firm first announced that it would be pushing into audiobooks back in September, offering a potential rival to Amazon’s Kindle services in the US market. However, Spotify CEO Daniel Ek told [...]