Is Apple moving out of China for good?

Published

2 years ago

August 17, 2022

Apple is in talks to make Apple Watches and MacBooks in Vietnam for the first time

This marks a further win for the Southeast Asian country as the U.S. tech giant looks to move production away from China.

Two Apple suppliers have started test production of the Apple Watch in northern Vietnam.

According to Nikkei Asia, Apple suppliers Luxshare Precision Industry and Foxconn have started test production, three people with direct knowledge of the matter told the publication.

Vietnam is already Apple’s most important production hub outside of China, producing a wide range of flagship products for the tech giant including iPad and Airpods.

Apple has also continued to shift iPad production to Vietnam after COVID-related lockdowns in Shanghai caused massive supply chain disruptions.

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May 3, 2024

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Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

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How AI is leveraging Amazon’s fast production

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Tesla is slashing prices to stay competitive

Published

2 weeks ago

April 21, 2024

Reuters

Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.

Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.

On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.

Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.

The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.