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Huge staff cuts at Chinese Apple supplier raise the question: can the country’s businesses withstand a drawn-out trade war?

O-Film Group, a major supplier of camera and touch-screen components for Apple, has reportedly laid off more than 8,000 staff at its plant in central China, adding to concerns about whether the country’s businesses can withstand a protracted trade war with the United States.O-Film made the cuts at its factory in Nanchang, Jiangxi Province, according to a report on Wednesday by Caixin, a Chinese financial news outlet.Weighed down by a gloomy market outlook for smartphones, increasingly fierce… Source link

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Singapore 

Apple Watch Series 4’s ECG feature now available in Singapore, Digital, Singapore News

The ECG feature needs the approval of a local health authority before it can become available in the market the Apple Watch Series 4 is being sold in. For Singapore, the Health Sciences Authority (HSA) is the approving authority. Dr Sumbul Desai, Apple’s vice president of health, told The Straits Times in a phone interview that HSA took time to review the ECG feature and understand it. “They were very positive about us bringing the feature to Singapore,” she said. One benefit of the Apple Watch Series 4’s ECG feature…

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Singapore 

Beware of overseas scams involving Apple iOS ‘game testers’, say police, Singapore News

SINGAPORE – Do not fall prey to a new variant of scams involving the recruitment of Apple iOS “game testers”, police cautioned on Friday (July 19). Sounding the alert on such scams which have been reported overseas, police said fraudsters would use social media platforms such as Facebook to recruit unsuspecting victims, luring them to take up the job offer of “playing games” in exchange for lucrative payments. The scammers would request victims to log into their Apple ID account on their iPhone with a specific name and password, before…

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Singapore 

First Apple store inside an airport complex to open this Saturday at Jewel Changi Airport, Digital, Singapore News

SINGAPORE – Apple’s second store in Singapore at Jewel Changi Airport opens on Saturday (July 13) at 10am and shoppers can expect to be greeted by staff who, between them, can speak 11 languages. The tech giant’s new two-storey store on the second level of Jewel employs more than 100 staff and some will even be able to converse with customers in sign language, Apple told media during a sneak preview of the outlet on Thursday. Besides Jewel, Apple is also planning to set up another store in Marina Bay…

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Ecommerce 

Apple Pay, Alipay, WeChat Pay and PayMe put to the test – find out which digital wallet is best for you

Mobile payment has never been more popular. In China, mobile payment apps have practically been a way of life in the retail world for the last three years, with the trend now finally catching on in Hong Kong and Southeast Asia.Today, there is a growing number of e-payment apps, each promising faster, safer and easier transactions.According to a 2018 survey conducted by the Hong Kong Productivity Council on brand awareness of e-wallet services, Alipay, WeChat Pay, Apple Pay and PayMe were ranked… Source link

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Global 

Apple supplier sets up shop in Indonesia as island of Batam profits from US-China trade war

Within the coming months, Pegatron Corporation, one of Apple’s biggest suppliers, will open its first factory in Batam, Indonesia, as part of the Taiwanese electronics maker’s effort to insulate themselves from the impact of the US-China trade war.The US$40 million project, which will help diversify some of its manufacturing away from China, is expected to make wireless chips and semiconductors for routers across some 9,000 square metres (97,000 sq ft) of floor space in the 320 hectare (790… Source link

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China 

Apple said to ask suppliers, including Foxconn, to explore major shift out of China to Southeast Asia

Apple has asked its largest suppliers to consider the feasibility of shifting 15 to 30 per cent of its output from China to Southeast Asia in a dramatic shake-up of its production chain, the Nikkei reported.The US tech giant asked “major suppliers” to evaluate the cost of such a migration, the newspaper cited multiple sources as saying. Those included iPhone assemblers Foxconn Technology Group, Pegatron and Wistron, MacBook maker Quanta Computer, iPad maker Compal Electronics and AirPods makers… Source link

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China 

Trade war casts shadow over China business prospects for US firms like Apple and Boeing

The business prospects in China for American firms like Apple and Boeing are at risk because the mainland is rapidly becoming less welcoming and profitable, amid dampened consumer confidence, slowing growth, and an increasingly watchful state, analysts said.The Chinese government has repeatedly assured investors from the United States that they will be treated fairly in China and have their legitimate interests protected, but recently Beijing has shown its teeth to those firms that it perceives… Source link

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Singapore 

Epicentre acting CEO uncontactable; former Apple reseller gets statutory demands from creditors, Business, Singapore News

SINGAPORE – Epicentre Holdings executive chairman and acting chief executive officer Kenneth Lim Tiong Hian has been uncontactable since May 24, the Catalist-listed former Apple reseller announced on Thursday afternoon (May 30), following its request for a trading suspension that morning. Epicentre said it will not be proceeding with a proposed placement of up to about 79.7 million new ordinary shares in its capital, saying that Mr Lim, “who has been key and instrumental to the proposed placement”, has been uncontactable. It noted that it does not have any monies…

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Apple forecast beats Wall Street estimates as iPhone demand stabilises

Apple projected quarterly sales that topped analysts’ estimates, suggesting demand for iPhones has stabilised after a disappointing holiday period. Shares of the mobile technology giant rose about 5 per cent in extended trading.The company also reported Services revenue grew 16 per cent as consumers sign up for an expanding smorgasbord of digital subscriptions. That was just ahead of Wall Street expectations. A new buyback plan also helped.“IPhone clearly was in line or a little bit above… Source link

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