Corporate

iPhone manufacture Foxconn reports highest-ever holiday quarter net profit

Hon Hai Precision Industry, also known as Foxconn Technology Group, counts Apple as its key client. Foxconn assembles iPhones and their Apple contract accounts for more than half of the Taiwanese company’s earnings. Yesterday, Foxconn reported both its highest-ever holiday quarter net profit and highest-ever gross margin since first-quarter 2013.

Apple’s tightly-knit industrial design group loses another longtime member

In what could be described as a shakeup to Apple’s vaunted design team, its longtime industrial designer Christopher Stringer has left the company.

He was with the iPhone maker for 21 years, as per a new article Monday by The Information.

About a year ago, Danny Coster, another member of Apple’s elite industrial design team, has left the firm for greener pastures at GoPro. The design team at Apple’s gone through multiple changes in the last two years as Jonathan Ive stepped back from running the team, with Richard Howarth taking over day-to-day management of the group.

Apple hires former YouTube and Spotify veteran to help shape its video content strategy

Apple has hired Shiva Rajaraman, a product leader formerly with Google’s YouTube, Spotify and Twitter, to accelerate its failing video content strategy, The Information reported yesterday citing people familiar with the matter. The paywall’d article cites three people briefed on the hiring as saying that Rajaraman will help shape Apple’s video strategy to take on established players like Amazon and Netflix.

Apple to build two new R&D centers in China, spend more than $500 million on research

Apple announced on Friday that it will be building two additional research and development centers in China, its major market. The new facilities will be built in Shanghai and Suzhou, joining Apple’s upcoming R&D centers in Beijing and Shenzhen. All four facilities will open later in 2017. The company has allocated about 3.5 billion yuan, or approximately $507 million, on research institutions overall.

Apple hires iOS security researcher and former jailbreak developer Jonathan Zdziarski

Forensic data analysis expert, iOS security researcher and former jailbreak developer Jonathan Zdziarski has officially joined Apple. Zdziarski announced today he accepted a position with Apple’s Security Engineering and Architecture team, but it’s unclear when he might be starting work at Apple. Zdziarski, who at times could be critical of Apple’s security efforts, says he’s joined the iPhone maker because he’s so passionate about protecting the security and privacy of others.

Apple and other companies sign Supreme Court brief in support of transgender student

After decrying U.S. President Donald Trump’s decision to withdraw anti-discrimination protections for transgender bathroom use in schools, Apple and 52 other firms like Amazon, Apple, IBM and Microsoft have signed a Supreme Court brief in support of Gavin Grimm, a transgender student who’s fighting against his school district over which school bathrooms he may use.

The New York Times reported that the Human Rights Campaign, a nonprofit organization supporting gay rights, plans to file the signed brief on Thursday.

Warren Buffett’s stake in Apple now twice as large, reaches more than $18 billion

Berkshire Hathaway’s position in Apple is now more than twice as large as previously disclosed at $18.2 billion, investment tycoon Warren Buffett told CNBC in an interview on Monday. At the end of last year, Berkshire Hathaway owned 61 million Apple shares, worth $7 billion at the time.

Buffet’s annual letter to shareholders, which included a regulatory disclosure of its long positions, has revealed that his conglomerate had purchased about 120 million shares of Apple in 2017.

Tim Cook to move his office to Apple Park

Apple said yesterday that employees will start boarding its futuristic campus, officially named Apple Park, in April. According to San Francisco Chronicle, Apple’s chief executive Tim Cook will move his office to the new 175-acre campus.