Apple supplier Luxshare shares fall after US patent infringement notice

 

SHANGHAI (Reuters) - Shares in Apple Inc provider Luxshare Precision Industry Co Ltd fell as much as 9.5% on Monday, in the midst of new worries about a patent encroachment examination recorded against it from the United States.

On Sunday, in a financial exchange documenting, the organization said it had been educated regarding two notification gave by the United States International Trade Commission (USITC) with respect to a Section 337 examination recorded against it by U.S.- based Amphenol Corp, asserting IP encroachment.

Luxshare said it had employed a group of legal counselors to react and would "follow method" on the examination, without explaining, however re-iterated that the case "won't have a material effect" on its present activities and creation.

Amphenol documented a part 337 grumbling against Luxshare and its auxiliaries in December, claiming that specific electric segments brought into the United States from Luxshare encroach on Amphenol's licenses for connector links.

Days after the fact, Luxshare gave an assertion saying it had learned of the grumbling through USITC's site, and added it had set up an inner working gathering to explore the cases.

Established in 2004, Luxshare has as of late become a quick rising provider for Apple. It has consistently climbed the equipment monster's worth chain, from making connector links for the iPhone and Macbook to assembling Airpods.

Apple does a Jio with TV+, offers content subscription at Rs 99 per month

International News

With over 1.4 billion active installed base of devices globally and millions in India - iPhones, iPads, Apple TV, Macs, iPod touch and more - Apple has finally flexed its muscles to take on content streaming giants like Netflix, HBO, Amazon Prime and Disney with aggressive pricing, free offers and all-original stories.
The announcement of a much cheaper Apple TV+ subscription than expected (Rs 99 a month in India and $4.99 in the US and other countries) immediately saw shares of Netflix, Disney and Roku tumbling down as Apple, which has nearly $210 billion cash at its disposal, has sensed the mammoth streaming opportunity that lies ahead and is going to open its coffers for creating more originals, even in regional languages.
Indians today spend 30 per cent of their phone time and over 70 per cent of mobile data on entertainment and movies are their preferred choice on smart TV and larger screens.An over-the-top (OTT) viewer in India is spending approximately 70 minutes a day on video streaming platforms, with a consumption frequency of 12.5 times a week, an Eros Now-KPMG report said last week.
When we look at the data consumption, In India, the Internet video traffic is projected to reach 13.5 Exabytes (EB) per month by 2022 -- up from 1.5 EB a month in 2017 -- with video contributing 77 per cent of all Internet traffic by 2022.The opportunities are enormous and Apple TV+ with its large installed device base is smiling at its rivals who lack the vantage point of being in your home in the form of an iphone or iPad.

 "Apple built on their integrated ecosystem advantage by announcing low-monthly pricing for Apple Arcade and Apple TV+, and a free year of Apple TV for a buyer of an Apple device," said Frank Gillett, Vice President and Principal Analyst at Forrester....Read More

Foreign airlines ban MacBooks on Indian flights; DGCA mulls similar move

Current Affairs

With several international airlines banning some older models of Apple's flagship laptop MacBook Pro in both check-in or hand luggage, including in India, fears of battery fire have returned to haunt users of the device.
In June, Apple announced a voluntary recall of its faulty 15-inch MacBook Pro laptops.
According to the US Consumer Product Safety Commission (CPSC), there's a chance that the devices sold between September 2015 and February 2017 could overheat and potentially cause fires.
Seeing this, India is pondering if it should ask the airlines to restrict the affected MacBook Pro models. “The DGCA is examining the issue and if need be, will do the needful,” said a senior official.
Singapore Airlines (SIA), a major operator to India, on Sunday said on its website: "Customers are to refrain from bringing the affected (MacBook Pro) models either as hand-carry or in checked baggage until the battery has been verified as safe or replaced by the manufacturer. Please visit Apple’s MacB ook Pro Battery Recall Program page to get more information on whether your product is affected, as well as on the available battery replacement options." Thai is also not allowing 15-inch MacBook Pro notebooks sold between September 2015 and February 2017 on the aircraft either as carry-on or checked luggage.

 The iPhone-maker reportedly said it had received 26 reports of the laptop's battery overheating, with as many as five consumers reporting minor burns and one suffering from smoke inhalation.Nearly 432,000 potentially affected MacBook Pro units were sold in the US and 26,000 in Canada.Apple issued a similar replacement programme last year for the latest 13-inch Pros over issues related to battery expansion...Read More