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Apple surrenders .. Stops production of iPhone and iPad in peak demand

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Apple surrenders .. Stops production of iPhone and iPad in peak demand

According to the Nikkei Asian Review, Apple was forced to suspend production of the iPhone and iPad for several days as it began to operate at full speed.

Despite the huge purchasing power, it was clear that the company was not getting rid of the global supply chain shortage.

AndThe technology company had earlier slashed production targets for the iPhone 13 this year. It also had to cut production of the iPad to dedicate more components to its flagship mobile devices.

But this is the first time in a decade that the company has closed its factories during China’s Golden Week.

Apple’s factories increase production during the Chinese holidays, which usually take place in early October. It operates 24 hours a day, so you can keep track of your holiday shopping needs.

But this year, it is said to have given holidays to its workers instead. The supply chain manager told the newspaper that when there was a very low number of spare parts and chips, there was no point in giving workers extra time for holiday work.

As a result, those considering a new iPad or iPhone as a gift during the year-end holidays may not get the device on time.

The paper says supply chain problems began long before the epidemic. It was then that Chinese companies banned by the United States hoarded shares to escape the ban.

However, the corona virus shutdown implemented in Malaysia and Vietnam due to delta variation severely affected the production of many electrical components and chips.

In many cases the disruption was caused by a lack of the most expensive components of the device. But due to cheaper peripherals.

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In terms of raw materials, component manufacturers that do not have the same purchasing power are lagging behind in the list.

For example, for the iPhone 13 Pro Max, the reason for the delay is related to smaller devices that cost only a few cents.

Apple chief Tim Cook has previously said that the company lost $ 6 billion in the quarter ended September due to supply chain disruptions. He also believes it could lose more in the last quarter of the year.

It remains to be seen whether the company will continue to experience the same level of demand while having the components needed to manufacture its devices.

The Nikkei Asian Review also told suppliers that demand for the iPhone 13 continues to rise.

The company warned suppliers that demand for its largest source of revenue was weakening ahead of the holiday, according to an earlier Bloomberg report.

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Economy

Dubai Taxi increases the number of shares allocated to individuals in the public contribution

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Dubai Taxi increases the number of shares allocated to individuals in the public contribution

Dubai Taxi

Dubai Taxi Company on Tuesday announced that it will increase the number of shares allocated from its initial public offering to individual investors in the UAE in response to strong demand for their shares, and instead, it will reduce the number of shares allocated to professional investors. 25 percent of the total shares of the company remain unchanged.

Dubai Taxi reported that the number of shares allotted to individual investors in the UAE has been increased from 62.475 million to 74.970 million ordinary shares, following the approval of the Securities and Commodities Authority.

Based on the previously announced price range of between 1.8 and 1.85 dirhams per share, the value of the shares allocated to the individual investor segment will now be approximately 135 to 139 million dirhams, which, compared, would represent 12 percent of the size of the initial offering. to the earlier announced 10 per cent.

The offer size remains unchanged at 624.750 million ordinary shares, representing 24.99 percent of the total issued shares in the company’s capital. As a result of the increase in shares allocated to the category of individual investors in the UAE, 549.780 million ordinary shares will be allocated to the category of qualified investors instead of 562.275 million ordinary shares, representing 88 percent of the total offering shares. 90 percent of the previously reported.

As the subscription period for individual investors in the UAE ends on November 28, 2023, the subscription period for qualified investors ends on November 29.

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The offering is expected to be completed and listed shares accepted on December 7, 2023, subject to market conditions and receipt of relevant regulatory approvals in the UAE, including approval for listing and trading on the Dubai Financial Market. Report.

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Economy

“Tik Tok” is cutting hundreds of jobs in video games industry – UAE Breaking News

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“Tik Tok” is cutting hundreds of jobs in video games industry – UAE Breaking News

Chinese tech giant ByteDance, which owns the TikTok app, has decided to cut hundreds of jobs at its gaming unit, an informed source told AFP on Monday, reflecting the group’s retreat from the highly competitive video game industry.

“News,” a Beijing-based video game publisher affiliated with Byte Dance, is currently conducting a round of layoffs that will affect “hundreds of people,” the source said.

A Byte Dance spokesperson said in a statement, “We continue to review our business and make changes to focus on areas of long-term strategic growth.” “Following a recent review, we have made the difficult decision to restructure our gaming division.”

The decision to exit the video games industry comes despite Byte Dance’s large investments in Newverse over the past years in an effort to catch up with video games leader Tencent.

A source told AFP that although the sector’s size would decrease significantly, the current cuts did not represent a complete shutdown of the sector.

The source indicated that the staff reductions are aimed at helping ByteDance focus on its core business and streamline its organizational structure, with games not yet launched slated to close in December.

Games with active players, including the popular action game, the source said Atlan’s CrystalThe company will continue its operations as it seeks to diversify assets.

Launched in 2019 in an attempt to challenge Tencent’s dominance, Neoverse failed to achieve the commercial success that Byte Dance had hoped for.

China-based tech giant Tencent dominates the Asian market and is the biggest player in the global video game industry by revenue, investing in game studios around the world.

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Report: Platform X could lose $75 million as advertisers quit

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Report: Platform X could lose $75 million as advertisers quit

The “X” platform (formerly Twitter) is at risk of losing about $75 million within a year of its takeover by Elon Musk, a new report has revealed, amid a rapid withdrawal of advertisers.

According to the information published in the newspaper The New York TimesX’s ad department losses are the result of the withdrawal of more than 200 advertisers over the course of a year, including Amazon, Apple and Airbnb.

Since November 2022 Musk’s acquisition of controversial content publishers.

Anti-establishment

Advertisers’ pushback accelerated this November when Elon Musk made a comment endorsing a comment that was characterized as anti-Semitic. There he said: “I told the real truth”, “Jewish communities support hate. Of white people” and Musk tried to backtrack. Without evidence of what he wrote, he suggested he was primarily talking about his opponents in the Anti-Defamation League.

The US newspaper’s statement comes after Musk and others, as well as showing their ads next to anti-Semitic and hateful posts.

Although the platform’s CEO Linda Yaccarino acknowledged that some companies’ ads appeared with infringing content, X continued to sue.

It is reported that the public relations agency “11:11“, the star joins Paris Hilton, who has severed her partnership with X due to Musk’s position.

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