Global shipments of personal computers (PCs) fell by 29 per cent in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with $蘋果(AAPL.US)$ taking the largest hit, market research firm IDC said.
In the report published Sunday, the International Data Corporation (IDC) said global PC shipments numbered 56.9 million in the first quarter of this year, down from 80.2 million in the same pe...

Recently, reports emerged that Foxconn was in dire straits because demand for electronics—including iPhones—was on the decline. Yet now, Wedbush’s own Dan Ives came out with a report that Chinese demand for iPhones is on the upswing. $蘋果(AAPL.US)$ investors liked what they heard, at least provisionally, and sent Apple shares up fractionally in Wednesday afternoon’s trading.
Just two days ago, things were looking bad for $富士康概念(LIST1179.HK)$ Foxconn a...

$蘋果(AAPL.US)$ is expected to report its first decline in quarterly revenue in nearly four years after strict COVID-19 curbs in China rapped the economy and related protests upended iPhone production at its biggest supplier $富士康概念(LIST1179.HK)$
Investors will look for details on how Chief Executive Tim Cook is trying to bolster demand in a weak economy that has prompted mass layoffs in the tech industry, a move Apple...

$蘋果(AAPL.US)$ partners Foxconn Technology Group and Pegatron Corp. included Southeast Asia in their expansion plans for 2023, in a sign major global contract electronics manufacturers will continue to add production capacity outside China to mitigate geopolitical and economic risks.
Separately, Foxconn’s smaller rival Pegatron will allocate $300 million to $350 million this year to capital expenditure, partly to grow capacity in Sou...

$蘋果(AAPL.US)$ exported more than $2.5 billion of iPhones from India from April to December, nearly twice the previous fiscal year’s total, underscoring how the US tech giant is accelerating a shift from China with geopolitical tensions on the rise.
Apple’s contract manufacturers currently make iPhones at plants in southern India. But production in the country is just beginning. About 3 million of the devices were made in India in 2021, ...

In recent weeks, $蘋果(AAPL.US)$ has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people involved in the discussions. It is telling suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly India and Vietnam, they say, and looking to reduce dependence on Taiwanese assemblers led by $富士康概念(LIST1179.HK)$ Technolog...

Foxconn has reached a $50 million stock transaction with Lordstown, and it is expected that all transactions will be completed next year
$Lordstown Motors(RIDE.US)$ $富士康概念(LIST1179.HK)$
Lordstown Motors (RIDE.US) said on Wednesday local time that Foxconn had purchased US$50 million worth of common stock from the electric car manufacturer and finally finalized the equity investment plan announced in September.
Lordstown said Foxconn bought these shares at a price of US$6.8983 per share. Lordstown closed at 5.56 US dollars, after the market rose 20.86% to 6.720 US dollars.

$富士康概念(LIST1179.HK)$ $Lordstown Motors(RIDE.US)$
Lordstown Motors Corp. Agreed to reach a cooperation agreement worth 280 million US dollars with Foxconn Technology Group, the former will sell its former General Motors plant in Ohio, USA in exchange for cash and equity investment.
According to the terms of the transaction, Lordstown Motors will sell to Foxconn the factory it bought from General Motors for US$20 million two years ago at a price of approximately US$230 million. At the same time, Foxconn will also purchase shares of Lordstown worth US$50 million and plans to assemble Endurance electric pickup trucks for the latter.