Donald Trump has threatened to impose a 25% tariff on iPhones if they are not made in the United States, as he stepped up the pressure on Apple to build its signature product in America. The US president caused a pre-trading dip in Apple shares with a post on the Truth Social platform stating that iPhones sold inside the US must be made within the country’s borders. Trump said in the post: “I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold…
Tag: Apple
Trump says he has a ‘little problem’ with Tim Cook over Apple’s India production
Donald Trump has admonished Apple and its chief executive over the tech firm’s reported plans to source production of US-bound iPhones from India. The US president said he had a “little problem” with Apple’s Tim Cook, after reports that the company is planning to switch assembly of handsets for the US market from China to India. “I had a little problem with Tim Cook yesterday,” said Trump, speaking in Qatar on Thursday. Referring to Apple’s recent promise to spend $500bn (£375bn) in the US, he added: “I said to him:…
Apple to report quarterly earnings amid Trump trade policy chaos
Investors have their eyes on Apple as it prepares to report financial results of the second quarter of the fiscal year on Thursday. The tech giant has been working to calm nervous analysts after Donald Trump levied sweeping tariffs on countries around the world that are likely to complicate supply chains for consumer electronics. Since the beginning of the year, Apple’s stock has slumped 16%. In anticipation of its earnings report, the company’s stock notched up slightly on Wednesday. Analysts are predicting a positive quarter for Apple with an average…
Apple ‘aims to source all US iPhones from India’, reducing reliance on China
Apple is reportedly planning to switch assembly of all iPhones for the US market to India as the company seeks to reduce its reliance on a Chinese manufacturing base amid Donald Trump’s trade war. The $3tn (£2.3tn) technology company aims to make the shift as soon as next year, the Financial Times reported. Apple has been swept up in Trump’s aggressive tariff policies, with the iPhone maker at one point among the biggest stock market casualties because of the prospect of its Chinese-made products being hit with a hefty import…
No WhatsApp in China, no TikTok in the US, and the return of Llama
Another day, another set of troubles for Apple’s App Store. This time, the company had bowed to orders from the Chinese state to remove WhatsApp and Threads, two of the last Meta apps still available in the country. From our story: Apple confirmed it had withdrawn the two apps – both owned by Meta, also the owner of Facebook – under instruction from the Cyberspace Administration of China, which regulates and censors China’s highly restricted internet and online content. “The Cyberspace Administration of China ordered the removal of these apps…
Apple removes WhatsApp and Threads from Chinese App Store
Apple has removed WhatsApp and Threads from its Chinese App Store after the Chinese government ordered it to do so for “national security” reasons. Apple confirmed it had withdrawn the two apps – both owned by Meta, also the owner of Facebook – under instruction from the Cyberspace Administration of China, which regulates and censors China’s highly restricted internet and online content. “The Cyberspace Administration of China ordered the removal of these apps from the China storefront based on their national security concerns,” Apple said in an emailed statement to…
Apple to pay $490m to settle claims it misled investors over sales in China
Apple has agreed to pay $490m to settle a class-action lawsuit alleging chief executive Tim Cook misled investors about a steep downturn in iPhone’s sales in China that culminated in a jarring revision to the company’s revenue forecast. The preliminary settlement filed Friday in Oakland, California, federal court stems from a shareholder lawsuit focused on the way Apple relayed information about how iPhone models released in September 2018 were performing in China, one of the company’s biggest markets. Cook signaled that the new iPhones were off to a good start…
Apple under fire over cancellation of Jon Stewart show amid China concerns
US lawmakers asked Apple Inc to explain the abrupt end of the political comedian Jon Stewart’s television show on its streaming service, according to a letter made public on Wednesday, citing concerns that content related to China was behind the cancellation. The New York Times reported last month that Stewart’s show on Apple’s streaming service was ending, the result of creative differences. The newspaper said Stewart told members of his staff that potential show topics related to China and artificial intelligence were causing concern to Apple executives. Apple declined comment…
China launches tax investigations into Apple iPhone maker Foxconn
China’s tax authorities have launched multiple investigations into the company that makes the iPhone, months after its billionaire founder announced he would run in Taiwan’s presidential elections. Foxconn faces tax audits of its operations in China, as well as investigations into land use in two Chinese provinces, according to reports by local media. The investigations, which were confirmed by the Taiwan-based manufacturer but have not been officially announced by any of China’s government departments, are thought to be politically motivated. Foxconn’s founder, Terry Gou, announced in August he would run…
Oil prices drop as aid arrives in Gaza; major Apple supplier faces China tax inquiry – business live
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