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TAIPEI -- Foxconn Technology Group has introduced the position of rotating CEO as the major Apple supplier plans to cultivate its next generation of leaders and seeks to improve its corporate governance.
Apple CEO Tim Cook arrived in Hanoi, Vietnam, on Monday as the U.S. tech giant looks to boost sales in new markets.
Apple iPhone shipments plunged nearly 10% globally in the first quarter of 2024, pressured by double-digit growth in shipments by Chinese challengers Xiaomi and Transsion, a report from International Data Corporation showed.
Apple produced $14 billion worth of iPhones in India over the last fiscal year, a sign of the company's continued effort to manufacture more devices outside of China, a report from Bloomberg said Wednesday.
TOKYO -- Apple's reputation as the ultimate growth stock is under threat, with the company grappling with declining sales and profits from iPhones as well as an antitrust case at home in the U.S.
Apple could double down on the China smartphone market amid declining iPhone sales and stiff competition in the country, Wedbush Securities said on Monday.
For years, Apple dominated the market for high-end smartphones in China. No other company made a device that could compete with the iPhone’s performance — or its position as a status object in the eyes of wealthy, cosmopolitan shoppers.
The Department of Justice sued Apple on Thursday, saying its iPhone ecosystem is a monopoly that drove its "astronomical valuation" at the expense of consumers, developers and rival phone makers.