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Apple Inc (NASDAQ: AAPL) is likely to use an approach similar to one it uses to make the iPhone for manufacturing its rumored electric vehicle, Bloomberg reported Wednesday.
What Happened: The Tim Cook-led company may work with a contract manufacturer after talks with some automakers did not bear fruit.
For making computers, smartphones, and tablets, the Cupertino, California-based company partners with manufacturers such as
Hon Hai Precision Industry Co. Ltd (OTC: HNHPF), better known as Foxconn, as well as Pegatron, Wistron,
Flex Ltd (NASDAQ: FLEX), and Luxshare. Profit margins of contract suppliers are dwarfed by those of Apple as factories are low-margin businesses.
Apple Inc (NASDAQ: AAPL) rolled out a series of important security patches for a wide swathe of devices it manufactures ranging from watches to personal .
Apple Inc (NASDAQ: AAPL) may soon have to face heightened competition in the headphone segment, as Qualcomm, Inc (NASDAQ: QCOM) announced a new range of .