Apple's Decarbonization Efforts Attract More Participants
Apple has announced that more suppliers have promised to use carbon-conscious energy. This announcement came after Apple stated that its iPhone and computers will be entirely carbon-neutral by 2030. Over 250 suppliers have pledged to support 13.7 gigawatts of energy that is entirely renewable, which is more than a 30% increase from the previous year. Over 85% of Apple's direct manufacturing spending relies on vendor involvement. Apple is committed to using 100% renewable energy across its global operations, including its offices, retail stores, data centers, and manufacturing facilities.
The company has made significant investments in renewable energy projects and has set ambitious goals to reduce its carbon footprint and combat climate change. Apple has invested in a range of renewable energy projects around the world, including solar and wind farms, and has signed power purchase agreements (PPAs) to ensure a reliable supply of renewable energy for its operations. Apple has built several large-scale solar and wind projects, including a 1,300-acre solar farm in California, and has developed innovative renewable energy technologies, such as a biogas fuel cell system that converts waste into electricity. Apple has also incorporated energy-efficient design features into its products, such as low-power processors and OLED displays, to reduce their energy consumption and environmental impact. Through these efforts, Apple has made significant progress toward its goal of using 100% renewable energy across its operations. As of 2021, the company reported that 96% of its facilities were powered by renewable energy, and it continues to work toward achieving its goal of 100% renewable energy by 2030.
The US Justice Department and multiple states are suing Apple, accusing it of monopolizing the smartphone market.
Apple has deep-rooted ties with Chinese suppliers spanning three decades, making it challenging to sever connections despite diversifying its sources.
Apple has called it quits on its ambitious Apple car project, known internally as 'Project Titan', reallocating its 2000-strong workforce.
Apple has decided to pump the brakes on its electric car project, a move that could positively impact its stock performance, according to a report by Morgan Stanley.
The FTC is investigating Big Tech's investments in cloud services for smaller AI companies like OpenAI and Anthropic.
Apple is gearing up to mass ship its Vision Pro mixed-reality headset in the first week of January, with plans to launch it in Apple Stores in late January or early February, according to analyst Ming-Chi Kuo.
China's President Xi Jinping attended a dinner in San Francisco with prominent American CEOs, including Tim Cook of Apple, Elon Musk of Tesla, and Larry Fink of BlackRock, among others.
China is reportedly planning to expand its ban on iPhones in sensitive departments to include government-backed agencies and state-owned companies, posing challenges for Apple in its largest foreign market and primary production base.
Several major tech companies, including Amazon, Google, Meta, Microsoft, and others, have made voluntary commitments to meet a set of artificial intelligence (AI) safeguards brokered by the White House.
Apple has successfully addressed the production disruptions it faced last year, with CEO Tim Cook stating that iPhone supply was not an issue during Q2.
Apple has recently declared that by 2025, they will use 100% recycled cobalt in their batteries, as well as all their magnets to be made with recycled earth elements.
Apple has announced its plans to establish retail stores in India, aiming to attract a significant number of consumers.
Apple has announced that more suppliers have promised to use carbon-conscious energy.
The Kremlin of Russia has ordered all government officials to immediately cease use of Apple iPhones due to the phone’s perceived vulnerability to western intelligence breaches.
Heavily reliant on the country, Apple’s business has suffered after several years of strict Covid lockdowns in China.
Apple sent notice to its suppliers that the company was actively looking to focus its production in other Asian countries.
Chinese authorities imposed a seven-day lockdown of the central Chinese city of Zhengzhou last week, shutting down Apple’s iPhone factory in the location.
The company’s primary assembly facility in Zhengzhou, China is operating at a “significantly reduced capacity” due to the country’s strict restrictions regarding the Covid-19 virus.
Apple has raised an eyebrow or two after asking its Taiwan-based suppliers to begin labeling their products as “Made in China”.
Apple's shares saw a significant jump, soaring over 7% on Friday after the tech giant reported impressive second-quarter earnings.