Walmart’s Mexico unit has penalized food companies supplying groceries to rival Amazon, pressure that has forced some to pull their products from the world’s largest online retailer, four people familiar with the matter said.
CALIFORNIA: Apple Inc shares fell to their lowest in more than three months on Monday as three suppliers issued warnings on results that pointed to weakness in iPhone sales. The Cupertino, California company’s signature product has become pricier with every new launch and analysts say that consumers, especially in emerging markets such as India, are ditching them for cheaper alternatives like those offered by China’s OnePlus. The company warned earlier this month that holiday sales would miss Wall Street expectations,…
SEOUL: Samsung Electronics said Tuesday it would compensate suppliers hit by the decision to scrap its Galaxy Note 7 smartphones because of safety fears with exploding batteries. The South Korean electronics giant announced a week ago that it was discontinuing the Note 7 after a chaotic recall that saw replacement phones also catching fire. Samsung said the affair would cost the company an estimated $5.3 billion in lost profits over the three quarters beginning July. The crisis also hit its numerous suppliers -- who…
CALIFORNIA: Apple Inc's suppliers have begun manufacturing new iPad tablets in an attempt to revive flagging sales of the tablet, Bloomberg reported, citing people with knowledge of the matter.
SHANGHAI: Five fast food chains including McDonald's and Yum Brands Inc have published details of their suppliers on their Chinese websites, following a request from Shanghai authorities after the latest food safety scare.
TOKYO: Apple Inc has asked suppliers to manufacture between 70 million and 80 million of its two forthcoming large-screen iPhones by the end of the year, its largest initial production run of iPhones, the Wall Street Journal reported, citing people familiar with the matter.
NEW YORK: Apple Inc's suppliers will begin producing larger versions of the iPhone in China next month, Bloomberg reported citing sources. Apple is ramping up production of iPhones with 4.7 and 5.5-inch screen sizes, which may be shipped to retailers around September, the report said. Apple launches new versions of the smartphone line that drives half its business around the fall of every year. The industry has speculated for some time now that Apple intends to design and sell a device with a larger screen, to fend off…