Apple Stock News: Production Rebound, 3nm Chip, Foxconn Probation

iPhone Production Seem will be Rebound In Q1 After Q4 Decline

Apple Stock News

Apple Stock News: A Wall Street firm lowered its estimate for Apple’s (AAPL) iPhone production in the December quarter, but it raised its iPhone forecast for the March quarter and set a high target for 2022. Mizuho Securities analyst Yasuo Nakane forecasted that the production of the iPhone will be around 259 million, which is 9% over the estimate in 2021(237 million units). He held positive towards Apple stock and cited strong sales for iPhone 13, especially in China.

TSMC Planned to Begin 3nm Chip Production in Late 2022 Before M3 Macs’ Production

Apple Stock News

According to DigiTimes, TSMC plans to begin production of chips built on its 3nm process in the fourth quarter of 2022. Yet, the detailed information hasn’t been released. Apple is expected to release its first devices with 3nm chips fabricated by TSMC in 2023, including Macs with M3 chips and iPhone 15 models with A17 chips, which will enable faster speeds and longer battery life on future Macs and iPhones.

Apple Puts Foxconn on Probation for Labor Violations

Apple Stock News

The substandard living conditions in southern India factory-made worker protests. Apple initiated an investigation and decide to put Foxconn’s factory on probation. Apple spokesman said, “ We found that some of the remote dormitory accommodations and dining rooms being used for employees do not meet our requirements and we are working with the supplier to ensure a comprehensive set of corrective actions are rapidly implemented.”

In response, Foxconn stated that they are currently restructuring its local management team and systems. They will also continue paying all employees during the downtime, but the statement wasn’t elaborating.
As for the reopening time, Foxconn did not specify when it intends to reopen the plant.

The rising cases in COVID lead to more than 20 Apple stores’ closures in the U.S.

File:Apple Store, Bath, doors at night.jpg - Wikimedia Commons

According to MacRumors, as continue rising number in COVID, more than 20 Apple retail stores are temporarily closed in U.S. Apple did not comment on the closures, but Bloomberg earlier reported that many store closures have been due to rising COVID-19 cases among employees. Apple respond that it remains committed to comprehensive health and safety measures. However, several other Apple retail stores that were temporarily closed this month have since reopened.

Read More Apple Stock News in 2022

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