By Toluse Olorunnipa Bloomberg Justin Sink Fri., Jan. 4, 2019 President Donald Trump said he isn’t concerned that Apple Inc. has warned sales will fall short of expectations because of the trade war with China, an announcement that provoked a sell-off in the U.S. stock market. “No, I’m not,” Trump said after he was asked at a White House news conference about Apple’s revenue warning this week. Trump claimed that Apple’s stock price has gone up “hundreds of per cent” since he took office. Apple’s stock price climbed 94 per cent from its close the day before Trump’s inauguration through Oct. 3, 2018 but has since fallen 36 per cent. Trump added that he has encouraged Apple chief executive officer Tim Cook to build plants and more products in the U.S. “Apple makes their product in China,” Trump said. “China is the biggest beneficiary of Apple, more than us.” Article Continued … [Read more...] about Trump says he’s unconcerned about Apple’s China sales warning
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BEIJING: Police detained two students in Beijing on Thursday (Nov 8) who were part of a group protesting outside an Apple store about alleged worker exploitation, according to one of the demonstrators.The students were protesting in response to allegations made last month that one of the US company's suppliers was exploiting student workers in southwest China.The two students detained were from Renmin University and Peking University - two schools that have seen a surge of student-led labour activism this year.One of the other protesters, a 21-year-old from Renmin University, told AFP that a group of police ordered the students to show their IDs shortly after they finished taking photos in front of the Apple store.A total of 10 students participated in the protest."They said we were disrupting the order, disrupting law and order, and asked to check our IDs," said the student, who requested anonymity.After the protesters initially refused to show their identification cards, … [Read more...] about Police detain two students outside Beijing Apple store
WASHINGTON - US consumers may be about to directly feel the effects of the trade fight started by US President Trump with China and other countries this year when a new list of Chinese imports to be taxed is announced in coming days. After imposing import tariffs on solar panels and washing machines in January, Trump moved to levy steel and aluminum in March along with about $50 billion in other goods. After China responded with a list of US goods that would be subject to tariffs, Trump raised the stakes on April 4 by directing the US Trade Representative to consider $100 billion in additional levies. China challenges US over steel, aluminum tariffs at WTO But a Reuters analysis of Chinese imports shows that to quickly reach $100 billion worth of goods to tax, Trump may have to target cellphones, computers, toys, clothing, footwear, furniture and other consumer goods, prompting price rises at US retailers. "There is no way to avoid consumer products when you're thinking about how to … [Read more...] about News Trump’s next $100 billion tariff dilemma: hit Wal-Mart or Apple Store?
WASHINGTON: U.S. consumers may be about to directly feel the effects of the trade fight started by U.S. President Trump with China and other countries this year when a new list of Chinese imports to be taxed is announced in coming days.After imposing import tariffs on solar panels and washing machines in January, Trump moved to levy steel and aluminum in March along with about US$50 billion in other goods.After China responded with a list of U.S. goods that would be subject to tariffs, Trump raised the takes on April 4 by directing the U.S. Trade Representative to consider US$100 billion in additional levies.But a Reuters analysis of Chinese imports shows that to quickly reach US$100 billion worth of goods to tax, Trump may have to target cellphones, computers, toys, clothing, footwear, furniture and other consumer goods, prompting price rises at U.S. retailers."There is no way to avoid consumer products when you're thinking about how to hit US$100 billion worth of imports coming from … [Read more...] about Trump’s next US$100 billion tariff dilemma: Hit Wal-Mart or Apple Store?
Tencent Holdings, China’s biggest internet company by market value, is on a collision course with Apple and Alphabet with its aggressive push into mini mobile applications, which allow users to bypass traditional app stores and run programs directly within its WeChat application.Tencent has re-engineered the WeChat messaging app in a way that applications smaller than 10 megabytes can run instantly on WeChat’s interface. It is now offering 580,000 mini programs after just one year of development, compared to the 500,000 mobile apps that Apple’s App Store published from 2008 to 2012, according to Hu Renjie, WeChat’s mini program director.“The mini program is a brand new product model which can seamlessly link the offline and the online together,” said Hu, adding that the mini program scheme has attracted 1 million developers.As well as bypassing the need for app stores, mini programs offer speed of access to users because they can be loaded instantly … [Read more...] about Tencent’s WeChat is on a collision course with Apple and Google – here’s how