Two of Apple’s largest suppliers have reported healthy jumps in monthly revenue, suggesting fears of weak iPhone demand may be overblown (via Bloomberg).
Asian firms TSMC and Foxconn (Hon Hai) both posted a 5.6 percent rise in November sales, reversing a recent trend of Apple suppliers reducing production or revenue outlooks to reflect lowering demand for Apple’s smartphones.
Foxconn posted NT$601.4 billion ($19.5 billion) in revenue, a record for the month of November, which puts the iPhone assembler on track for its fastest pace of annual growth in years.
TSMC, maker of Apple’s system-on-chips like the A12 processor, reported [...]
Apple is set to report its earnings results for the fourth quarter of its 2018 fiscal year at 1:30 p.m. Pacific Time today.
The quarter began July 1, 2018 and ran through September 29, 2018, according to Apple’s fiscal year accounting calendar.
Apple provided the following guidance for the quarter back on July 31:revenue of $60 billion to $62 billion gross margin between 38 and 38.5 percent op. ex. of $7.95 billion to $8.05 billion other income/expense of $300 million tax rate of approximately 15 percent before discrete items
Apple’s guidance suggests it will report its best fourth quarter results ever, by revenue, [...]
Apple today said it is „urgently investigating“ a report that claims Apple Watch manufacturer Quanta Computer has subjected teenage students to illegal work conditions at its factory in the Chinese city of Chongqing.
„We are urgently investigating the report that student interns added in September are working overtime and night shifts,“ Apple said, in a statement issued to CNN. „We have zero tolerance for failure to comply with our standards and we ensure swift action and appropriate remediation if we discover code violations.“
In a report last week, Hong Kong labor rights group Students and Scholars Against Corporate [...]
Russia-based cybersecurity company Kaspersky Lab today said that while „hardware supply chain attacks are a reality,“ evidence suggests Bloomberg Businessweek’s report about Chinese intelligence tampering with server motherboards manufactured by Apple’s former supplier Supermicro is „untrue.“
Apple data center Kaspersky Lab said the report „should be taken with a grain of salt“ in its 14-page analysis of the alleged attack, obtained by MacRumors:
The stories published by Bloomberg in October 2018 had a significant impact. For Supermicro, it meant a 40% stock valuation loss. For businesses owning Supermicro hardware, [...]