Apple Stock News

China's recent lockdown looks to hamper the online order delivery of global e-commerce firms like Amazon.com Inc (NASDAQ: AMZN) and Walmart Inc (NYSE: WMT), Bloomberg reports. China had to initia

The stock split will attract big headlines, but the business underneath is more exciting.

Apples major gadget assembler and supplier, Foxconn, has suspended its operations in Shenzhen, China, as the cases of COVID-19 in the area have dramatically soared. The entire city is also in lockdown thus, work in the…

Toyota, Volkswagen and Apple supplier Foxconn are among those halting operations.

Apple Inc (NASDAQ: AAPL ) supplier Hon Hai Precision Industry Co Ltd’s (OTC: HNHPF ) is in talks with Saudi Arabia to jointly build a $9 billion multipurpose facility, The Wall Street Journal reported on Monday, citing people familiar with the matter. What Happened: The Taiwan-based supplier, better known as Foxconn , could make microchips, electric-vehicle components, and other electronics like displays at the mega factory, according to WSJ. The proposal to build a dual-line foundry for surface-mount technology and wafer fabrication is currently under review by the Saudi Arabia government, the … Full story available on Benzinga.com

As inflation, war and supply bottlenecks continue, TheStreet''s writers and columnists are looking closely at tech and EV companies.

Carnage: China Breaks, Apple Cracks Key Support, Yields Soar As Rate Hike Odds Surge The week started off badly enough with nothing short of devastation in China, where Chinese stocks listed in Hong Kong had their worst day since the global financial crisis, as concerns over Beijing’s close relationship with Russia, a surge in covid cases, a lockdown in Shenzhen and renewed regulatory risks sparked panic selling. The Hang Seng index dropped more than 4%, sliding below 20,000 to the lowest level since 2015… ... as the Hang Seng China Enterprises Index closed down 7.2% on Monday, the biggest drop since November 2008 . Meanwhile, the Hang Sang Tech Index tumbled 11% in its worst decline since the gauge was launched in July 2020 , wiping out $2.1 trillion in value since a year-earlier peak, after the southern city of Shenzhen, a key tech hub near Hong Kong, was placed into lockdown to contain rising Covid-19 infections. The broader Hang Seng Index lost 5%. The US-traded Golden Dragon China index tumbled another 12%, taking its drawdown to -75% from its recent all time high, surpassing the drawdown recorded during the global financial crisis! “If the U.S. decides to impose sanctions on China in total or on individual Chinese companies doing business with Russia, that would be a concern,” said EM investing legend Mark Mobius, “The whole story is still up in the air in this case.” Meanwhile, as discussed last night in " All Hell is Breaking Loose in China ", it wasn''t just Chinese stocks that got taken to the woodshed: Chinese property developer junk bonds were true to their name, and issues by such formerly "solid" issuers as CIFI and Country Garden cratered to lowest levels in history, both trading about 50 cents on the dollar.

KeyBanc''s Key First Look Data suggested that Apple Inc (NASDAQ: AAPL ) tracked slightly better than historical seasonality. The indexed spending was down (9)% month-on-month in February, beating the 3-year average decline of (13)%. Historically, CYQ1 (Apple''s Q2) Apple Hardware was down (35)% Q/Q over the last three years, above the current CYQ1 Q/Q consensus decline of (29)% and below KeyBanc''s consensus of (30)% Q/Q. KeyBanc saw Apple Hardware more in line with the CYQ1 consensus aided by … Full story available on Benzinga.com

These are the stocks posting the largest moves in midday trading.

New coronavirus lockdowns in China are snarling production for everything from Apple iPhones to Toyota SUVs — and threatening to make already red-hot global inflation even worse.

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. (Monday Market Open) Geopolitical risks are bearing down on the markets as a new week of trading is about to kick off. Equity index futures were much higher overnight but have significantly trimmed those gains. In fact, the Nasdaq futures were up about 100 points but turned negative before the open. Investors had reasons for positivity with news that virtual peace talks between Russia and Ukraine have seen progress. Russia may be seeing pressure from various places. Over the weekend, there were reports of Russia getting low on munitions and seeking help from China; however, China has denied the report. Additionally, Russia may be at risk of defaulting on debt payments as the ruble has weakened significantly and much of Russia’s assets are tied up in sanctions. Numerous commodities are pulling back on the news around the Russia-Ukraine conflict. Crude oil was down about 4% before the opening bell.

Foxconn Halts iPhone Production At Factories In Shenzhen Due To Lockdown Beijing''s decision to lock down 17.5 million people in China''s de facto ''tech capital'' of Shenzhen is already creating serious problems for global supply chains. Now, it appears that among the earliest casualties of this latest lockdown is the perennially popular iPhone. Because, as Bloomberg reports , Apple supplier Foxconn has been forced to scale back production at two sites used to make iPhones due to the lockdowns. The firm is shifting production away from two campuses in the area to try and reduce the impact from the lockdown. The Taiwanese company, also known as Hon Hai Precision Industry Co., has its China headquarters in the area and a key manufacturing site in Guanlan. It is suspending operations at the two campuses and has reallocated production to other sites to reduce impact from the disruption, the company said in a statement. Foxconn didn’t specify the length of the suspension. The measures from the Chinese government call for non-essential businesses in Shenzhen to halt until March 20.