China Smartphone Demand Weakens Amid Covid Resurgence

Smartphone demand in China is rapidly cooling as the pandemic’s resurgence dents consumer spending, prompting warnings in recent weeks from handset makers including Apple Inc. AAPL 4.08% as well as chip makers about the world’s biggest smartphone market. Smartphone shipments in China fell 34% in April from a year ago to 17.7 million units, data … Read more

WSJ News Exclusive | Apple Looks to Boost Production Outside China

TOKYO— Apple Inc. AAPL 0.17% has told some of its contract manufacturers that it wants to boost production outside China, citing Beijing’s strict anti-Covid policy among other reasons, people involved in the discussions said. India and Vietnam, already sites for a small portion of Apple’s global production, are among the countries getting a closer look … Read more

Lordstown Motors’ Ability to Stay in Business Hinges on Raising Capital, Valuation, CFO Says

Lordstown Motors Corp.’s ability to stay in business for at least another year remains in doubt until it secures more funding and its market value rises, its finance chief said after the electric-truck maker sold its factory to raise cash. Lordstown, which aims to launch its first vehicle this year and doesn’t generate any revenue … Read more

Apple’s Big Bet on India Gets Bigger Still

India is emerging as Apple Inc.’s top manufacturing bet in Asia outside of China. On Monday, the company announced it has begun producing the iPhone 13 in the country. But for India to snatch a sizable chunk of the manufacturing pie, the country needs a stronger domestic market, export-friendly policies and better logistics infrastructure. India … Read more

Foxconn Running at Full Capacity in Shenzhen After Covid-19 Restrictions Lifted

HONG KONG— Foxconn Technology Group, the biggest assembler of Apple Inc. iPhones, said its factories in the Chinese manufacturing hub of Shenzhen were again running at full capacity Monday after the city wrapped up Covid-19 tests on all its 17 million residents. But while Shenzhen returned to business as usual, more new cases in Jilin, … Read more

Covid-19 Outbreak Shuts Down Some China Factories, Including Apple Supplier

Chinese rules aimed at stopping a Covid-19 outbreak in the technology hub of Shenzhen have led to production halts affecting at least one Apple Inc. AAPL -2.39% supplier, in the latest hit to global electronics supplies. A number of manufacturers including Foxconn Technology Group, a major iPhone assembler, said they were halting operations in Shenzhen … Read more