Apple Stock News

Apple supplier Foxconn forecast an up to 3pc fall in revenue for the year in what could be its first annual sales decline in six years, as a shortage of chips squeezes smartphone production and demand cools following a surge during the pandemic.

As of Tuesday, at least 28 provinces and regions in the country have reported new cases of the coronavirus, most of them from the BA.2 version of the omicron variant. More than half of the new cases were in the northeastern province of Jilin, where officials said they had enough medical supplies for only two or three days. China is particularly vulnerable to the rapidly spreading omicron. Although more than 85% of the population has been vaccinated, Chinese vaccines have not been shown to be effective against the variant, compared to mRNA vaccines – such as Pfizer-BioNTech and Moderna – used elsewhere, which are still in production and not yet available in the country. The story continues below the ad The elderly population in China is particularly at risk. More than 50 million people in the country over the age of 60 have not been fully vaccinated, according to a National Health Commission briefing on Tuesday, raising fears that if the outbreak is not brought under control, China could suffer the same fate as neighboring Hong Kong.

In his Daily Market Notes report to investors, while commenting on the commodity markets, Louis Navellier wrote: China’s Shutdown Our bounce today is due largely to a very strong bounce in Asia. China, as you know, is starting to shut down big sections of their economy. The electronics section where they make Apple products is shut […]

Tesla Halts Gigafactory Shanghai For Two Days Amid COVID Surge Tesla, Inc. shuttered its massive Gigafactory Shanghai for two days as Chinese officials scrambled to contain one of the country''s worst outbreaks of COVID-19 since the early days of the virus pandemic, Reuters reported Wednesday, citing a notice sent internally and to suppliers. Gigafactory Shanghai, also known as Gigafactory 3, halted all production lines, making Model 3 sedans and Model Y crossovers. There was no reason given for the stoppage at the plant. According to China Passenger Car Association data, the factory delivered 56,515 vehicles in February and produced 2,000 cars a day. The notice didn''t specify whether Tesla will increase future capacity to make up for the lost output when operations restart. China''s zero-tolerance approach has shuttered factories and placed some 51 million people into some form of lockdown in other cities. Shanghai has yet to declare a citywide lockdown but has closed some neighborhoods, shopping districts, and industrial parks and encouraged workers to remote work from home.

Foxconn, a key Apple supplier, brought back partial operations after halting them on Monday in response to Chinese government shutdowns amid rising coronavirus cases.

Needham analyst Laura Martin's March channel checks indicated growing interest toward news acting serving as a headwind for Netflix Inc (NASDAQ: NFLX).  As per Martin, Netflix needs to add adverti

Needham analyst Laura Martin''s March channel checks indicated growing interest toward news acting serving as a headwind for Netflix Inc (NASDAQ: NFLX ). As per Martin, Netflix needs to add advertisements to survive the streaming war. Amazon.com Inc (NASDAQ: AMZN ) Amazon Prime Video and The Walt Disney Co''s (NYSE: DIS ) bundle won the streaming game so far based on financial prowess and pricing strategy. Related Content:

Computer access has increasingly been a big part of high school and even primary school, and few are the college students who don’t have a laptop of their own. But what might once have been a “nice-to-have” is now a necessity as the COVID-19 pandemic makes online assignments and Zoom video conferences the new classroom space for students of all ages. The mobility that laptops provide make them ideal for kids, who may need to scoot about the house to find a quiet place to work. And when things get back to normal, that same laptop can come back to school with them and continue to help them learn. There are hundreds of laptops to choose from, with wildly varying capabilities and price tags. We narrowed the field to 10 of the best laptops for students in 2020. No matter which laptop you end up choosing, make sure to check for an integrated webcam (for remote learning support), and verify with your school board or college program whether they have any specific hardware requirements. Also, don’t forget to check if you qualify for a student discount.

Plus Tess Vigeland, host of The Wall Street Journal podcast "As We Work," joins us for a chat.

Oracle (ORCL) Cloud Infrastructure services launches 11 new services and capabilities, enabling customer flexibility at lower costs.

Apple (AAPL) is leading the smartwatch market per a recent report from Counterpoint Research. Latest watchOS 8.5 update is expected to further strengthen prospects.

Apple could call the feature ‘Apple Mixer’, as per the claims of the leaker.

A few months after making the feature available to Disney+ users, Disney is now rolling out Apple’s SharePlay co-viewing experience for FaceTime to its ESPN app’s users. The feature will allow U.S. users who are either ESPN+ streaming service subscribers or logging in with their TV Everywhere credentials to co-view live sports and ESPN+ original […]

A few months after making the feature available to Disney+ users, Disney is now rolling out Apple’s SharePlay co-viewing experience for FaceTime to its ESPN app’s users. The feature will allow U.S. users who are either ESPN+ streaming service subscribers or logging in with their TV Everywhere credentials to co-view live sports and ESPN+ original […]

Slack’s iPad app is getting a new two-column layout, an upgraded sidebar, and better support for accessibility features like Apple’s VoiceOver screen reader. It’ll be available to download today.