Wednesday, April 5, 2023

Sources detail Apple's efforts to shift production from China, including wooing other countries and assembling "tiger teams" to solve supply chain weaknesses (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg:
Sources detail Apple's efforts to shift production from China, including wooing other countries and assembling “tiger teams” to solve supply chain weaknesses  —  In late March, when Tim Cook made his first public appearance in China since the onset of the Covid-19 pandemic …



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...