|Bid||60.30 x 0|
|Ask||60.50 x 0|
|Day's Range||60.30 - 61.20|
|52 Week Range||47.00 - 61.50|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||15.11|
|Earnings Date||Aug 6, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||3.40 (5.60%)|
|1y Target Est||55.33|
(Bloomberg) -- Terms of Trade is a coming daily newsletter that untangles a world embroiled in trade wars. Sign up here. Apple Inc. has asked its largest suppliers to consider the costs of shifting 15% to 30% of its output from China to Southeast Asia in a dramatic shake-up of its production chain, the Nikkei reported.The U.S. tech giant asked “major suppliers” to evaluate the feasibility of such a migration, the newspaper cited multiple sources as saying. Those included iPhone assemblers Foxconn Technology Group, Pegatron Corp. and Wistron Corp., MacBook maker Quanta Computer Inc., iPad maker Compal Electronics Inc. and AirPod makers Inventec Corp., Luxshare-ICT and GoerTek Inc., Nikkei cited them as saying.China is a crucial cog in Apple’s business, the origin of most of its iPhones and iPads as well as its largest international market. But President Donald Trump has threatened Beijing with new tariffs on about $300 billion worth of Chinese goods, an act that would escalate tensions while levying a punitive tax on Apple’s most profitable product. Company spokeswoman Wei Gu didn’t respond to a request for comment.Two major Apple suppliers pushed back against the Nikkei report. The U.S. company has not asked for cost estimates for shifting production out of the world’s No. 2 economy, although suppliers are running the numbers on their own given the trade dispute, said one person familiar with the matter, asking not to be identified discussing internal deliberations. Another supplier said it too had not gotten such a request from Apple and that the Cupertino, California-based company had resisted a proposed production shift to Southeast Asia.Apple does have a backup plan if the U.S.-China trade war gets out of hand: Primary manufacturing partner Hon Hai Precision Industry Co. has said it has enough capacity to make all U.S.-bound iPhones outside of China if necessary, Bloomberg News reported last week.The Taiwanese contract manufacturer now makes most of the smartphones in the Chinese mainland and is the country’s largest private employer. Hon Hai, known also as Foxconn, has said Apple has not given instructions to move production but it is capable of moving lines elsewhere according to customers’ needs.Apple hasn’t set a deadline for the suppliers to finalize their business proposals, but is working together with them to consider alternative locations, the Nikkei said. Any move would be a long-term process, it cited its sources as saying.Beyond Apple’s partners, the army of Taiwanese companies that make most of the world’s electronics are reconsidering a reliance on the world’s second-largest economy as Washington-Beijing tensions simmer and massive tariffs threaten to wipe out their margins. That in turn is threatening a well-oiled, decades-old supply chain.Taiwan’s largest corporations form a crucial link in the global tech industry, assembling devices from sprawling Chinese production bases that the likes of HP Inc. and Dell then slap their labels on. That may start to change if tariffs escalate, an outcome now in the balance as Washington and Beijing spar over a trade deal.Apple is an outsized figure in that negotiation. The high-end iPhone, which accounted for more than 60% of the company’s 2018 revenue, drives millions of jobs across China as well as a plethora of different industries from retail to electronics. The country is also a major consumer market in its own right, yielding nearly 20% of last year’s revenue -- weakness there pushed Apple to cut its sales forecast in January.“Twenty-five percent of our production capacity is outside of China and we can help Apple respond to its needs in the U.S. market,” Hon Hai board nominee and semiconductor division chief Young Liu told an investor briefing in Taipei last week. “We have enough capacity to meet Apple’s demand.”(Updates with a source’s comments from the second parapraph.)To contact the reporter on this story: Debby Wu in Taipei at firstname.lastname@example.orgTo contact the editors responsible for this story: Peter Elstrom at email@example.com, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
President Donald Trump’s decision to increase tariffs on $200 billion of Chinese imports last week will have convinced any undecided Taiwanese companies of the need to shift some production away from China, Kung Ming-hsin, Taiwan’s minister-without-portfolio in charge of economic affairs, said in an interview in Taipei Tuesday. After Taiwan, according to Kung, Vietnam and India are the next two preferred destinations for Taiwanese electronics companies.
May 10 (Reuters) - Quanta Computer Inc: * SAYS APRIL SALES UP 12.8% Y/Y Source text for Eikon: http://bit.ly/2VTgeQp Further company coverage: (Reporting by Hong Kong newsroom)
March 28 (Reuters) - Quanta Computer Inc: * SAYS 2018 (NOT Q4) NET PROFIT AT T$15.1 BILLION ($489.20 million) * SAYS Q4 NET PROFIT UP 15.0 PERCENT Y/Y AT T$4.1 BILLION * SAYS 2018 NET PROFIT UP 5.2 PERCENT ...
A Lithuanian man on Wednesday pleaded guilty to U.S. charges that he helped orchestrate a scheme to defraud Facebook Inc and Alphabet Inc's Google out of more than $100 million, federal prosecutors announced. Evaldas Rimasauskas, 50, entered his plea to one count of wire fraud before U.S. District Judge George Daniels in Manhattan. Rimasauskas also agreed to forfeit about $49.7 million he personally obtained from the scheme, according to a court filing.
U.S. technology companies are concerned that China could be spying on them using power cords and plugs, Nikkei Asian Review reported on Friday. As a result, the American companies have asked their Taiwanese suppliers to shift production out of mainland China, according to the report, citing unnamed executives from Lite-On Technology and Quanta Computer. Fearing that China could be spying on them using power cords and plugs, several United States technology companies have asked their Taiwan suppliers to shift production of some components out of the mainland, Nikkei Asian Review reported on Friday.
Jan 10 (Reuters) - Quanta Computer Inc: * SAYS DEC SALES UP 18.35 PERCENT Y/Y AT T$102.66 BILLION ($3.34 billion) Source text in Chinese: https://bit.ly/2Ch9qAe Further company coverage: ($1 = 30.7740 ...
Nov 13 (Reuters) - Quanta Computer Inc: * SAYS IT HAS OBTAINED LAND SITES AND PROPERTY ASSETS FOR T$4.3 BILLION ($139.21 million) Source text in Chinese: https://bit.ly/2zanuuC Further company coverage: ...
Nov 13 (Reuters) - Quanta Computer Inc: * SAYS Q3 NET PROFIT T$4.7 BILLION ($152.29 million) VERSUS T$4.0 BILLION YEAR EARLIER Source text in Chinese: https://bit.ly/2QDRhT8 Further company coverage: ($1 ...
Apple is investigating reports that one of its parts suppliers is illegally using high school students on its assembly line. Hong Kong-based human rights group Sacom alleges that Taiwanese manufacturer Quanta Computer has been skirting labor laws by using teenage "interns" to assemble the Apple Watch Series 4. According to the Financial Times, Sacom interviewed nearly 30 high school students working at Quanta Computer's factory in Chongqing, China and found many of them were working on the assembly line.
Oct 9 (Reuters) - Quanta Computer Inc: * SAYS SEPT SALES DOWN 5.9 PERCENT Y/Y Source text in Chinese: bit.ly/2E7Fo6j (Please cut and paste the link into a browser to see the release) Further company coverage: ...
Sept 10 (Reuters) - Quanta Computer Inc: * SAYS AUG SALES UP 8.85 PERCENT Y/Y Source text in Chinese: https://bit.ly/2MekAJh Further company coverage: (Reporting by Hong Kong newsroom)