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Apple Supplier Foxconn Expects Quarterly Sales to Fall as iPhone Doubts Grow
Hon Hai Precision Industry warned of its fourth consecutive decline in quarterly sales after a 5.4 percent slide in the last three months of 2023 suggested consumer electronics demand remains muted.
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US Judge Rejects Apple's Bid to Throw Out Lawsuit That Accuses CEO Tim Cook of Defrauding Shareholders
A US judge has rejected Apple's bid to throw out a class-action lawsuit led by a British pension fund that accused Chief Executive Tim Cook of defrauding shareholders by concealing falling demand for iPhones in China.
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Lenovo Quarterly Revenue Falls 24 Percent as PC Demand Continues to Slump
China's Lenovo Group on Wednesday reported a 24 percent fall in revenue for the January-March quarter, meeting market expectations, as demand for personal computers (PCs) continued to slump.
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Apple, Android Rivals First-Quarter Sales Slide in China as Smartphone Shipments Fall 11 Percent YoY
The iPhone maker was the top-selling brand over the first three months of the year, with 20 percent market share. But its overall shipments in China fell to 13.3 million units, a 3 percent decrease from the same period in 2022.
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Gem, Jewellery Exports Fall 23.7% To Rs 21,501 Crore In March
India's overall gem and jewellery exports grew marginally by 2.48 per cent to Rs 3,00,462.52 crore (USD 37,468.66 million) in 2022-23 due to global challenges like inflation, the Russia-Ukraine war and the lockdown in China for almost six months, GJEPC said.
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Shares In China's Cybersecurity Firm 360 Fall After Founder's Divorce Deal
Shares in Chinese cybersecurity company 360 Security Technology plunged on Thursday after the firm announced that its billionaire founder Zhou Hongyi and his wife were divorcing and that he would give her a 6.25% share.
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China's GDP Growth Falls To 3% In 2022, Second Lowest Growth In 50 Years
The annual GDP of China totalled 121.02 trillion yuan ( $17.94 trillion) in 2022, falling below the 5.5 per cent official target, the National Bureau of Statistics (NBS) said.
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Trade Deficit Between India, China Falls To $51.5 Billion This Fiscal
The deficit during 2021-22 had jumped to $73.31 billion as compared to 44.03 billion in 2020-21, according to the data provided by commerce and industry minister Piyush Goyal in a written reply.
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iPhone 14 Pro Shipments Could Fall 20 Million Units Short of Market Estimates After China Factory Unrest: Kuo
iPhone 14 Pro and iPhone 14 Pro Max model shipments could be hit due to the recent protests at Foxconn iPhone facility in China, according to TF Securities analyst, Ming-Chi Kuo. The iPhone 14 Pro model production could be miss market estimates by up to 20 million units in Q4 2022, Kuo says, while supply shortfall for iPhone 14 Pro models could era...
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Output Of Apple iPhones Could Fall 30% As Covid Restrictions Hit Major China Plant: Report
Production of Apple Inc's iPhones could slump by as much as 30% at one of the world's biggest factories next month due to tightening COVID-19 curbs in China, a person with direct knowledge of the matter said on Monday.
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China Saw 11 Percent Fall in Smartphone Shipments in Q3 2022, 70 Million Phones Shipped: Canalys
China smartphone shipments fell by 11 percent year-on-year in the third quarter, according to data from research firm Canalys. A total of 70 million smartphones were shipped to sellers during this period, and Apple was the only brand to buck the trend, with shipments jumping 36 percent to 11.3 million units, according to analysts.
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Rupee Falls To 82.73 Per Dollar As China's Yuan Plunges To A New Low
The rupee reversed gains from earlier on Tuesday to end slightly lower against a softer dollar.
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Oil Falls Over 2% On Global Recession And China COVID-19 Fears
Oil slid more than 2 per cent on Tuesday, extending losses of nearly 2 per cent in the previous session, as recession fears and a flare-up in COVID-19 cases in China raised concern over global demand.
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Oil Falls To 7-Month Low On Renewed Demand Fears, Rate Hike Expectations
Oil prices fell more than $1 on Wednesday to their lowest since before Russia invaded Ukraine as COVID-19 curbs in top crude importer China and expectations of more interest rate hikes spurred worries of a global economic recession and lower fuel demand.
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Oil Falls Below $92 Per Barrel On Renewed Demand Worries
Oil prices fell on Wednesday as COVID-19 curbs in top crude importer China and expectations of further interest rate hikes fanned concerns of a global economic recession and lower fuel demand growth.
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Apple Supplier Foxconn Expects Quarterly Sales to Fall as iPhone Doubts Grow
Hon Hai Precision Industry warned of its fourth consecutive decline in quarterly sales after a 5.4 percent slide in the last three months of 2023 suggested consumer electronics demand remains muted.
-
US Judge Rejects Apple's Bid to Throw Out Lawsuit That Accuses CEO Tim Cook of Defrauding Shareholders
A US judge has rejected Apple's bid to throw out a class-action lawsuit led by a British pension fund that accused Chief Executive Tim Cook of defrauding shareholders by concealing falling demand for iPhones in China.
-
Lenovo Quarterly Revenue Falls 24 Percent as PC Demand Continues to Slump
China's Lenovo Group on Wednesday reported a 24 percent fall in revenue for the January-March quarter, meeting market expectations, as demand for personal computers (PCs) continued to slump.
-
Apple, Android Rivals First-Quarter Sales Slide in China as Smartphone Shipments Fall 11 Percent YoY
The iPhone maker was the top-selling brand over the first three months of the year, with 20 percent market share. But its overall shipments in China fell to 13.3 million units, a 3 percent decrease from the same period in 2022.
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Gem, Jewellery Exports Fall 23.7% To Rs 21,501 Crore In March
India's overall gem and jewellery exports grew marginally by 2.48 per cent to Rs 3,00,462.52 crore (USD 37,468.66 million) in 2022-23 due to global challenges like inflation, the Russia-Ukraine war and the lockdown in China for almost six months, GJEPC said.
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Shares In China's Cybersecurity Firm 360 Fall After Founder's Divorce Deal
Shares in Chinese cybersecurity company 360 Security Technology plunged on Thursday after the firm announced that its billionaire founder Zhou Hongyi and his wife were divorcing and that he would give her a 6.25% share.
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China's GDP Growth Falls To 3% In 2022, Second Lowest Growth In 50 Years
The annual GDP of China totalled 121.02 trillion yuan ( $17.94 trillion) in 2022, falling below the 5.5 per cent official target, the National Bureau of Statistics (NBS) said.
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Trade Deficit Between India, China Falls To $51.5 Billion This Fiscal
The deficit during 2021-22 had jumped to $73.31 billion as compared to 44.03 billion in 2020-21, according to the data provided by commerce and industry minister Piyush Goyal in a written reply.
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iPhone 14 Pro Shipments Could Fall 20 Million Units Short of Market Estimates After China Factory Unrest: Kuo
iPhone 14 Pro and iPhone 14 Pro Max model shipments could be hit due to the recent protests at Foxconn iPhone facility in China, according to TF Securities analyst, Ming-Chi Kuo. The iPhone 14 Pro model production could be miss market estimates by up to 20 million units in Q4 2022, Kuo says, while supply shortfall for iPhone 14 Pro models could era...
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Output Of Apple iPhones Could Fall 30% As Covid Restrictions Hit Major China Plant: Report
Production of Apple Inc's iPhones could slump by as much as 30% at one of the world's biggest factories next month due to tightening COVID-19 curbs in China, a person with direct knowledge of the matter said on Monday.
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China Saw 11 Percent Fall in Smartphone Shipments in Q3 2022, 70 Million Phones Shipped: Canalys
China smartphone shipments fell by 11 percent year-on-year in the third quarter, according to data from research firm Canalys. A total of 70 million smartphones were shipped to sellers during this period, and Apple was the only brand to buck the trend, with shipments jumping 36 percent to 11.3 million units, according to analysts.
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Rupee Falls To 82.73 Per Dollar As China's Yuan Plunges To A New Low
The rupee reversed gains from earlier on Tuesday to end slightly lower against a softer dollar.
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Oil Falls Over 2% On Global Recession And China COVID-19 Fears
Oil slid more than 2 per cent on Tuesday, extending losses of nearly 2 per cent in the previous session, as recession fears and a flare-up in COVID-19 cases in China raised concern over global demand.
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Oil Falls To 7-Month Low On Renewed Demand Fears, Rate Hike Expectations
Oil prices fell more than $1 on Wednesday to their lowest since before Russia invaded Ukraine as COVID-19 curbs in top crude importer China and expectations of more interest rate hikes spurred worries of a global economic recession and lower fuel demand.
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Oil Falls Below $92 Per Barrel On Renewed Demand Worries
Oil prices fell on Wednesday as COVID-19 curbs in top crude importer China and expectations of further interest rate hikes fanned concerns of a global economic recession and lower fuel demand growth.
