APPLE STOCK

Apple Stock News: Recovery of production, 3nm chip, Foxconn Probation


IPhone production looks set to recover in the first quarter after falling in the fourth quarter

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Apple Stock News: A Wall Street firm lowered its estimate for Apple’s (AAPL) iPhone production in the December quarter, but raised its iPhone forecast for March and set a high target for 2022. Mizuho Securities analyst Yasuo Nakane predicted iPhone production would be around 259 million , which is 9% more than estimated in 2021 (237 million units). He was positive about Apple shares and cited strong sales of the iPhone 13, especially in China.

TSMC plans to start production of 3nm chips in late 2022 before producing M3 Macs

Apple Stock News
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According to DigiTimes, TSMC plans to begin production of chips made on its 3nm process in the fourth quarter of 2022. However, detailed information has not been released. In 2023, Apple is expected to release its first 3nm-chip devices produced by TSMC, including Macs with M3 chips and iPhone 15 models with A17 chips, which will enable higher speeds and longer battery life on future Macs and iPhones.

Apple puts Foxconn on probation for breaking the law

Apple Stock News
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Protests by factory-produced workers over poor living conditions in southern India. Apple has launched an investigation and decided to put the Foxconn factory on probation. An Apple spokesman said: “We have found that some remote dormitories and dining rooms used for employees do not meet our requirements and we are working with a supplier to ensure that a comprehensive set of corrective actions is implemented quickly.”

In response, Foxconn stated that they are currently restructuring their local management team and systems. They will also continue to pay all employees during the downtime, but they are not specified in the announcement.
As for the reopening time, Foxconn did not specify when it intends to reopen the drive.

An increasing number of COVID cases have led to the closure of more than 20 Apple stores in the United States

File: Apple Store, Bath, doors at night.jpg - Wikimedia Commons
(Source: commons.wikimedia.org)

According to MacRumors, as the number of people infected with COVID continues to rise, more than 20 Apple stores have been temporarily closed in the United States. Apple did not comment on the closure, but Bloomberg previously reported that many stores were closed due to rising COVID-19 cases. employees. Apple responds that it remains committed to comprehensive health and safety measures. However, several other Apple retailers that were temporarily closed this month have since reopened.

Read more news about Apple stocks in 2022

Announcement of Apple Stock News: Production Rebound, 3nm Chip, Foxconn Probation first appeared on Apple Stock News.



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Naveen Kumar

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