Arab Today, arab today apple shares surge despite factory inspections in china
Last Updated : GMT 11:11:32
Arab Today, arab today
Arab Today, arab today

Apple shares surge despite factory inspections in China

Arab Today, arab today

Arab Today, arab today Apple shares surge despite factory inspections in China

San Francisco - AFP

  Apple\'s stock topped $500 for the first time on Wall Street even as a probe started looking into work conditions at a Chinese factory that cranks out the California company\'s coveted gadgets. Apple shares gained 1.86 percent during the day, powered by reports a new iPad may be unveiled next month, to close at $502.60 and then inched up more in after-hours trading. Despite the investigation into labor practices, Apple also continued to show its strength with consumers, dethroning Google in the annual Harris Poll RQ study as the company with the most respected image in the eyes of consumers. The maker of iPhones, iPads, iPods and Macintosh computers got the highest score ever seen in the survey, which asks people to rate the reputations of 60 of the most well-known US companies. \"Apple\'s current dominance is built on strong investments in its brand, predominately through its products and services,\" the study\'s authors said. But the poll came as the Fair Labor Association (FLA) began inspections at Foxconn City, a massive facility in the southern Chinese city of Shenzhen used by Apple, prompted by reports of harsh conditions at the plant. \"We believe that workers everywhere have the right to a safe and fair work environment, which is why we\'ve asked the FLA to independently assess the performance of our largest suppliers,\" said Apple chief executive Tim Cook. \"The inspections now under way are unprecedented in the electronics industry, both in scale and scope,\" added Cook, who took over as chief executive last year from Apple\'s late co-founder Steve Jobs, in a statement. Apple agreed last month to allow inspections by the independent labor watchdog following reports that employees were overworked and underpaid at Foxconn factories. The Taiwan-owned Foxconn is the largest manufacturer of Apple products. Apple said the FLA will \"interview thousands of employees about working and living conditions including health and safety, compensation, working hours and communication with management.\" \"The FLA\'s team will inspect manufacturing areas, dormitories and other facilities, and will conduct an extensive review of documents related to procedures at all stages of employment,\" the company said. Cupertino, California-based Apple said suppliers have pledged \"full cooperation with the FLA, offering unrestricted access to their operations.\" Apple said the FLA\'s findings and recommendations will be posted on its website, fairlabor.org, in early March. Besides Foxconn plants, FLA teams will inspect factories owned by two other Taiwan-owned manufacturers, Quanta and Pegatron, which also make Apple products. \"When completed, the FLA\'s assessment will cover facilities where more than 90 percent of Apple products are assembled,\" Apple said. Last week, petitions were delivered to Apple stores in several countries denouncing working conditions at Chinese factories making Apple gadgets. Mark Shields, organizer of a Change.org petition that attracted over 200,000 signatures, welcomed the opening of factories in China to outside audits. \"As an Apple consumer, I\'m relieved to hear that Tim Cook is taking this seriously and breaking ground in the industry with Fair Labor Association auditing,\" Shields said. \"But Apple still needs to use some of their trademark creativity and problem solving to create a worker protection plan for new products -- especially the upcoming iPad 3 -- so that they\'re proactively taking care of their workers.\" Apple reported blockbuster quarterly earnings last month with net profit more than doubling to a record $13.06 billion and revenue soaring to an all-time high of $46.33 billion. Shares of Apple have been rising steadily on the release of a string of hit products starting with the iPod in 2001, followed by the iPhone in 2007 and the iPad in 2010. Meanwhile, an electronics firm said Tuesday it would ask customs in China to block iPad imports after it won a copyright case against Apple, prompting one city to pull some of the tablet computers from shops. Proview Technology (Shenzhen) says it owns the Chinese rights for the name \"iPad\" but Apple -- claiming trademark infringement -- last year took the firm to a Chinese court, which unexpectedly rejected the case over lack of evidence. \"We are preparing requests to customs for blocking iPad imports,\" Xie Xianghui, the firm\'s lawyer, told AFP. \"It is still in the process of preparation,\" he said, adding the requests would be made to local customs offices and not the national-level customs administration as part of a strategic, localised approach. Proview Technology (Shenzhen) is owned by a Taiwan-invested company that registered the trademark name \"iPad\" in several countries including China as early as 2000 -- years before Apple began selling the product.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today apple shares surge despite factory inspections in china Arab Today, arab today apple shares surge despite factory inspections in china

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today apple shares surge despite factory inspections in china Arab Today, arab today apple shares surge despite factory inspections in china

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Saudi witnessing a remarkable growth

GMT 09:57 2017 Saturday ,23 September

Saudi witnessing a remarkable growth
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today US-made bomb used in fatal strike

GMT 10:16 2017 Saturday ,23 September

US-made bomb used in fatal strike
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday