The past week was a rollercoaster ride for Apple Inc. (NASDAQ:AAPL), with news ranging from potential manufacturing expansion in Indonesia to a new challenge in the Chinese market from Huawei. The tech giant also faced questions about the profitability of its App Store and concerns about a China-linked espionage campaign. Amid all this, we also discovered some funky features of the iPhone. Let’s dive into the details.
Apple Eyes Manufacturing Expansion In Indonesia
Apple CEO Tim Cook has hinted at the possibility of expanding the company’s manufacturing base to Indonesia. This follows Cook’s discussions with Indonesian President Joko Widodo, where the two discussed potential manufacturing opportunities in the country. “We talked about the president’s desire to see manufacturing in the country and it’s something that we will look at," Cook said. Read the full article here.
Huawei’s New Launch Poses Challenge To Apple’s iPhone Sales
Chinese tech giant Huawei Technologies Co. has launched its latest series of smartphones, the Pura 70, to challenge Apple in the high-end segment of the Chinese market. The new series, with prices ranging from $760 to $1,380 ...