|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||53.50 - 54.30|
|52 Week Range||46.75 - 69.50|
|Beta (3Y Monthly)||1.51|
|PE Ratio (TTM)||13.72|
|Forward Dividend & Yield||4.00 (7.49%)|
|1y Target Est||N/A|
(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 email@example.comTo contact the editors responsible for this story: Peter Elstrom at firstname.lastname@example.org, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Few companies epitomise the era of globalisation better than Hon Hai, the world’s largest contract electronics manufacturer. Over the past 15 years, Foxconn has grabbed a significant share of the orders to make personal computers and smartphones for brands such as Apple, Dell and Huawei. Along with rival manufacturers from Taiwan such as Quanta Computer, Pegatron and Wistron, it has led a constant race to make the manufacturing process cheaper, faster and more efficient.
Taiwan's Pegatron has signed a letter of intent stating it intends to invest 10-15 trillion rupiah ($695 million to $1 billion) in an Indonesian factory to assemble "chips for Apple smartphones", Indonesia's deputy industry minister said on Tuesday. Pegatron plans to assemble the phone chips in partnership with Indonesian electronics company PT Sat Nusapersada at a factory on the island of Batam, Deputy Minister Warsito Ignatius told Reuters. Pegatron declined to comment.
May 7 (Reuters) - Pegatron Corp: * SAYS Q1 CONSOLIDATED REVENUE T$294.1 BILLION ($9.52 billion), NET PROFIT AT T$1.33 BILLION Source text on Eikon: Further company coverage: ($1 = 30.8980 Taiwan dollars) ...
March 14 (Reuters) - Pegatron Corp: * SAYS 2018 NET PROFIT AT T$11.1 BILLION ($359.14 million), CONSOLIDATED REVENUE AT T$1,340 BILLION Source text for Eikon: Further company coverage: ($1 = 30.9070 Taiwan ...
March 11 (Reuters) - Pegatron Corp: * SAYS FEB SALES UP 6.3 PERCENT Y/Y Source text in Chinese: https://bit.ly/29I3zX1 Further company coverage: (Reporting by Hong Kong newsroom)
* PREVIOUS TRADING SESSION MOVES: * SSEC +1.1 pct, CSI300 +1.2 pct, HSI +0.5 pct * Shanghai- HK daily quota used 6.7 pct * HK- Shenzhen Connect daily quota used 8.8 pct, Shenzhen- HK daily quota ...
March 4 (Reuters) - Pegatron Corp: * SAYS UNIT PROTEK (SHANGHAI) LTD BOUGHT 27.7 MILLION SHARES IN LUXSHARE PRECISION INDUSTRY CO LTD FOR T$2.5 BILLION ($81.12 million) ON MAR 4 Source text for Eikon: ...
Feb 15 (Reuters) - Pegatron Corp: * SAYS JAN SALES UP 1.3 PERCENT Y/Y Source text in Chinese: http://mops.twse.com.tw/mops/web/index Further company coverage: (Reporting by Hong Kong newsroom)
(Bloomberg) -- Apple Inc.’s main assemblers are shifting more output to India and Southeast Asia as trade tensions threaten to escalate costs in their longstanding production base of China.
Jan 10 (Reuters) - Pegatron Corp: * SAYS DEC SALES UP 18.6 PERCENT Y/Y Source text in Chinese: https://bit.ly/29I3zX1 Further company coverage: (Reporting by Hong Kong newsroom)
Apple asked its suppliers late last month to produce fewer-than-planned units of its XS, XS Max and XR models, the Nikkei reported, citing sources with knowledge of the request. The request was made before Apple announced its forecast cut, the Nikkei said. The bleaker sales outlook, which Apple attributed to weak China demand, triggered a broad sell-off in global stock markets.
Apple Inc, which slashed its quarterly sales forecast last week, has reduced planned production for its three new iPhone models by about 10 percent for the January-March quarter, the Nikkei Asian Review reported on Wednesday. Many analysts and consumers have said the new iPhones are overpriced. Apple asked its suppliers late last month to produce fewer-than-planned units of its XS, XS Max and XR models, the Nikkei reported, citing sources with knowledge of the request.
The lead attorney for the group of Apple Inc (AAPL.O) device assemblers seeking at least $9 billion (7 billion pounds) in damages from Qualcomm Inc (QCOM.O) said on Sunday the contract manufacturers are not in settlement talks with the mobile chip supplier and are "gearing up and heading towards the trial" in April. The conflict is but one aspect of the global legal battle between regulators, Apple and Qualcomm, which supplies modem chips that help phones connect to wireless data networks. Last week, Qualcomm secured a preliminary victory in a patent lawsuit in China that would have banned sales of some Apple iPhones there.
Shares of Apple have fallen more than a quarter since October on concern that iPhone sales are slowing, a prospect that’s been exacerbated by the threat of U.S. tariffs on devices made in China. Across a collection of Taiwanese suppliers, including component makers, November sales climbed 9.3 percent from a year earlier, according to data compiled by Bloomberg News. Taiwan requires companies to report revenue monthly, giving the market unique mid-quarter insight into the hardware supply chain. At Hon Hai Precision Industry Co., the flagship of Foxconn Technology Group, combined October and November sales grew 12.9 percent, while Pegatron Corp. posted a 25 percent uptick.
Taiwan's Foxconn posted a weaker than expected rise in quarterly profit amid warning signs from key customer Apple Inc and its global suppliers that demand for iPhones could be softening. Foxconn, formally known as Hon Hai Precision Industry Co Ltd, reported net profit of T$24.88 billion ($805.52 million)for the third quarter on Tuesday, 12 percent short of analyst expectations. While this was the biggest quarterly profit the company has posted this year and came in 18 percent above the year-earlier results, it was below a mean estimate of T$28.26 billion ($916.85 million) from nine analysts, according to I/B/E/S data from Refinitiv.
Shares of some major Apple suppliers fell in Asian trading Tuesday — some to multi-year lows — after the iPhone maker's stock plunged on concerns about customer demand.
TAIPEI/SEOUL (Reuters) - Shares in Asian suppliers and assemblers for Apple Inc fell on Tuesday after several component makers warned of weaker than expected results, leading some market watchers to call the peak for iPhones in several key markets. Following a poor forecast earlier this month, analysts and investors voiced concern over the state of Apple's business, contributing to growing worries that iPhone sales were stagnating and could hurt suppliers. Fresh warnings on Monday from screen maker Japan Display Inc, British chipmaker IQE Plc and Lumentum Holdings Inc, the main supplier of the Face ID technology in the latest generation of iPhones, hurt technology stocks in Asia on Tuesday.
Nov 12 (Reuters) - Pegatron Corp: * SAYS Q3 NET PROFIT AT T$2.8 BILLION ($90.71 million) VERSUS T$3.6 BILLION YEAR EARLIER Source text in Chinese: https://bit.ly/2qHWQoh Further company coverage: ($1 = ...
Taiwan-based assembler Pegatron Corp fell 5 percent and rival Hon Hai Precision Industry Co Ltd (Foxconn) dropped 3.6 percent. Apple is widely considered the biggest customer for Foxconn. Apple shares fell nearly 4 percent on Monday after the report by the Nikkei financial daily, which fuelled concerns that the iPhone XR - the cheapest of three iPhones unveiled in September - was facing weak demand just days after it went on sale.