Enterprise

Foxconn fired 50,000 workers since last year

Other manufacturers follow suit

Published

on

Will 2019 herald Apple’s downfall? Within the last few weeks, the tech giant has issued warnings about its potentially rocky future. Apple CEO Tim Cook has even tempered his expectations in an investor’s note. If anything, Apple’s 2019 is one to watch.

Now, another potential problem has popped up for the ailing company. Foxconn, one of the world’s largest iPhone producers, has fired 50,000 workers ahead of schedule. According to Nikkei Asian Review, the workers came from Zhengzhou, where iPhones are primarily made.

The company’s system often releases workers after a huge production cycle, marking the industry’s customary lull period when demand is low. However, Foxconn’s latest pink slips have gone ahead of the usual schedule. Usually, the firings come around this time of the year. Foxconn has been firing workers since October last year. The move echoes the industry’s sentiments of a declining smartphone market.

Throughout the past year, demand has steadily declined. According to Cook, Apple’s downfall draws from the company’s revised battery replacement program. Existing users are replacing their batteries, rather than upgrading to the latest model. While the decision is the most economic for users, Apple’s success relied on consistent user upgrades year after year.

The market’s poor demand has also affected other manufacturers. Besides Foxconn, Pegatron, another critical iPhone maker, has fired workers since November.

Of course, both manufacturers also cater to other tech companies. For example, Foxconn also produces devices for Acer and Dell.

Underscoring all of these, the Sino-American trade war has sorely affected the global economy. Most companies today are increasingly wary of global politics. While Apple is feeling most of the pressure, global tensions will likely affect other companies as well.

SEE ALSO: Rumor: Apple plans to resurrect iPod and switch to USB-C iPhones

Enterprise

Apple is not interested in TikTok

TikTok is still up for grabs

Published

on

With TikTok virtually up for auction, everyone is getting in on the discussion for an acquisition. Last weekend, President Donald Trump announced a definitive ban against the popular video-sharing platform unless an acquisition deal is done before September 15. Around the same time, Microsoft rose to the fore as the likeliest suitor for the Chinese company. That said, other companies are still popping up in the discussion, one way or another. Today, for example, a source confirms that Apple is not interested in TikTok.

The strange confirmation isn’t unprecedented. Earlier, an Axios report hinted at Apple’s interest in TikTok, citing sources from outside Apple. Naturally, everyone wanted to know whether the American company genuinely wanted TikTok or not.

However, in response to the report, various spokespersons have taken to the media to express their company’s opinion on the matter. It’s definitive. Apple is not discussing a TikTok acquisition. The company doesn’t show interest in one either.

Compared to Microsoft, Apple doesn’t exactly have a lot of stake in the matter. The company has not entered the social media industry, making a TikTok-inspired entry unlikely. On the other hand, Microsoft owns LinkedIn, a comparatively smaller social media platform beside giants like Facebook and Twitter. The company can gain from a company of TikTok’s size.

Currently, the TikTok conundrum has a lot of moving parts. Outside of Trump and Microsoft, ByteDance, TikTok’s owner, has expressed interest in moving the platform’s headquarters to the UK, rather than the US. Also, China has weighed in, calling any plan “an open robbery.”

SEE ALSO: TikTok owner accuses Facebook of stealing and smearing

Continue Reading

Enterprise

China won’t allow US to steal TikTok

Published

on

TikTok’s fate is in the hands of two dueling nations: China and the US. While TikTok is currently a Chinese company, the US government wants to either acquire the platform or kick it out of America entirely. This past weekend, Trump announced plans to ban the platform unless an acquisition deal is concluded by September 15. For its part, China has finally responded to the ongoing issue. According to state media, China won’t allow US to steal TikTok.

Reported by Reuters, the state-run China Daily made the comments against the American plan. “China will by no means accept the ‘theft’ of a Chinese technology company, and it has plenty of ways to respond if the administration carries out its planned smash and grab,” the report said.

Another state-run publication has likewise compared the acquisition plan to an “open robbery,” turning American into a “rogue country.”

Currently, Microsoft is discussing an acquisition of the popular video-sharing platform. By the end of Sunday, Trump seemingly stamped his approval on the plan, giving TikTok 45 days for a deal. On the other hand, TikTok is deliberating a separate move: transferring its headquarters to the UK, thereby upending Trump’s and Microsoft’s plans.

None of the involved parties have agreed to a conclusion so far. The next 40 or so days will prove critical for TikTok, the US, and China. In any case, China is finally getting in on the decision, just as it did for Huawei.

SEE ALSO: TikTok owner accuses Facebook of stealing and smearing

Continue Reading

Enterprise

TikTok is considering moving to the UK

Moving away from the US and China

Published

on

Since the end of last week, TikTok has scrambled to find a solution for its woes in the US. On Friday, President Donald Trump announced a definitive ban against the Chinese video-sharing platform. By the end of Sunday, the American leader pivoted and warmed up to the idea of an American acquisition led by Microsoft. Trump then gave ByteDance a 45-day deadline to reach an amenable deal between the two parties. Though presenting itself as a yes or no deal, the acquisition plan has spawned an all-new direction. Going against the American plan, TikTok is considering moving to the UK.

Reported by Britain’s The Sun, ByteDance is expected to announce a plan to establish TikTok’s headquarters in London. The expected plan is a plot twist for the Chinese company. Instead of benefiting both Microsoft and Trump, TikTok can kick both to the curb and approach a different market.

With a move to London, TikTok can potentially appease the cybersecurity concerns of all parties voting against the platform. According to the report, a move will prove beneficial to both TikTok and London. One minister was even quoted saying: “This isn’t like Huawei where there are national security concerns.”

Despite the seeming benefit of such a decision, Trump might not agree to the plan regardless. His latest directive advises TikTok to make a deal with an American corporation within 45 days.

Regardless, TikTok is up for grabs. Wherever TikTok plans to move (if they plan to move), both parties will stand to gain. The video-sharing platform is among one of the top apps used today.

SEE ALSO: TikTok owner accuses Facebook of stealing and smearing

Continue Reading
Advertisement

Gadget Reviews

Trending