Tag: Apple Inc

5 Tall Tasks for John Ternus, Apple’s Next C.E.O.

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Apple said this week that Tim Cook, its chief executive since 2011, would step down and become its executive chairman in September. John Ternus, the company’s head of hardware engineering, will succeed Mr. Cook in the corner office. Mr. Ternus, who has worked at Apple for 25 years, will take over a moneymaking behemoth facing a series of pressing questions, including geopolitical threats, an unpredictable man in the White House, artificial intelligence, and the search for new ideas. Here are some of the challenges confronting Mr. Ternus: Navigating Apple’s ties…

Tim Cook Did Wonders for Apple. He Also Did a Lot for Xi Jinping.

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Tim Cook is ending his illustrious stint as chief executive of Apple. The soft-spoken operator accomplished the near impossible, filling the shoes of the visionary co-founder Steve Jobs, turning the iPhone from a cultural phenomenon into a financial juggernaut and transforming his company into a $4 trillion goliath — growing its market value by $682 million per day, on average, for 15 years. By the metrics investors care about, Mr. Cook is nothing short of a rock star. But when one considers his role in the sweep of American history,…

The Many Challenges Facing Apple

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For more than a decade, Apple could do almost no wrong. The iPhone made it the world’s most valuable company. The App Store helped launch businesses such as Uber and Airbnb. And the company’s new products made it a player in health, Hollywood and finance. Now, the difficulties are piling up. The Justice Department filed an antitrust lawsuit against Apple on Thursday for giving its own products advantages that it deprived rivals of having. The suit is the latest in a series of actions brought against the company by regulators…

Big American Tech Profits From Chinese Ad Spending Spree

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The trade relationship between China and the United States has plenty of friction. But at least one area is booming: Chinese start-ups looking to establish a presence in the West are spending billions of dollars for advertisements on services owned by some of Silicon Valley’s biggest technology companies. Temu, the international arm of the Chinese e-commerce giant Pinduoduo, is flooding Google with ads for absurdly inexpensive goods. With an initial public offering looming, the fast-fashion merchant Shein is inundating Instagram with ads for clothes and accessories at rock-bottom prices. Developers…

Is China’s Era of High Growth Over?

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China’s real growth agenda China announced an official growth target of about 5 percent on Tuesday that’s already looking hard to pull off. The world’s second-biggest economy is facing headwinds, from a consumer slowdown to weak investor confidence and a trade war with the West. But the growth target only tells part of the story of how Beijing is rethinking economic policy. Left out of the pronouncements: a stimulus package. Investors watch the annual gathering of the National People’s Congress, the country’s rubber-stamp parliament, and a parallel meeting of China’s…

India’s Quiet Push to Steal More of China’s iPhone Business

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India is quietly grabbing from China more manufacturing of Apple’s iPhones and other electronics gear. It is happening in South Indian industrial areas on muddy plots that were once farmland. In Sriperumbudur, people call Apple “the customer,” not daring to say the name of a company that prizes its secrets. But some things are too big to hide. Two gigantic dormitory complexes are springing up from the earth. Once finished, each will be a tight block of 13 buildings with 24 rooms per floor around an L-shaped hallway. Every one…

Apple Will Discount iPhones by $70 in China Starting Thursday

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Ever bought a discounted new phone from Apple? For most people, the answer is no. That’s because Apple doesn’t really do discounts. But in China, Apple is slashing the price of some of its latest iPhones by $70 amid worries that Chinese consumers have cooled on the brand. That would save a buyer about 6 to 8 percent, based on prices on Apple’s China website. It has also knocked $112 off the price of some MacBook Air laptops. The sale will start on Thursday and run through Sunday. Cutting prices…

What the Biden-Xi Talks Accomplished (and Didn’t)

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Biden and Xi try direct diplomacy The mood music was upbeat but pragmatic after the first face-to-face meeting in a year between President Biden and his Chinese counterpart, Xi Jinping. There was no joint communiqué after Wednesday’s talks, but both sides issued positive statements trumpeting where they found common ground, including on tackling climate change and improving communications. The San Francisco summit, and Xi’s banquet with American business leaders afterward, were signs of how entwined the economies remain despite years of rising tensions — and why both sides and many…

Foxconn, China Contractor for Apple, Said to Be Under Tax Audit

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Foreign and local companies in China are increasingly the targets of tax audits and other regulatory reviews, as local governments try to steady their finances by collecting more revenue. The latest company to come under scrutiny is Foxconn of Taiwan. Chinese state media outlets reported on Sunday that the company was facing investigations in four provinces. Foxconn, one of the world’s largest manufacturers of electronics, is Apple’s main contractor for the production of everything from iPhones to MacBook laptop computers. Global Times, a nationalistic tabloid and website owned by the…

The Big Number: $1,199

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One of the biggest changes — along with better cameras, smaller borders around the screen and the ability to record 3-D video — is the phone’s new charging ports. Gone are the company’s signature Lightning versions. In their place are USB-C ports, which are nearly ubiquitous in non-Apple devices and are now required by European regulators with the aim of reducing electronic waste and saving customers money. Mark R Cristino/EPA, via Shutterstock NYT