Luxshare


Supplier shares hit by Apple ‘cut-off woes’ over Xinjiang labour

Supplier shares hit by Apple ‘cut-off woes’ over Xinjiang labour

(ATF) Shares of Apple’s Chinese suppliers – Goertek, Luxshare Precision Industry, Lens Technology and Lingyi iTECH Manufacturing – have plummeted in the last two months after reports that Ofilm Group, a camera module maker blacklisted by Trump over “forced labour” allegations in Xinjiang, was removed from Apple’s supply chain. While …

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Mixed Apple earnings cloud outlook for China’s Luxshare

Mixed Apple earnings cloud outlook for China’s Luxshare

(ATF) Anticipation of strong earnings from Apple and other technology giants helped US stocks to bounce back on Thursday from this week’s sell-off.When Apple released its fiscal fourth quarter earnings after the market close, there was disappointment at its failure to provide future revenue guidance, even though gross sales were …

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Foxconn squeezed by rival Apple supplier and Beijing

Foxconn squeezed by rival Apple supplier and Beijing

Apple's top iPhone assembler, Taiwan-based Foxconn, has set up a task force to fend off the growing clout of Chinese electronics manufacturer Luxshare, which it believes poses a serious threat to its dominance, three sources with knowledge of the matter said. The project was initiated by Foxconn founder Terry Gou, …

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