China has detained four employees at Apple (AAPL) supplier Foxconn’s (HNHPF) iPhone factory in Zhengzhou, The Wall Street Journal’s Joyu Wang reports. One of the Taiwanese agencies responsible for managing relations with China said the employees were accused of an “offense akin to breach of trust,” although the exact nature of the allegations is unclear. Foxconn said it didn’t suffer a financial loss tied to their actions, according to the report.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- Amazon adding Apple TV+ to Channels store for streaming, Bloomberg reports
- Here’s what Wall St. experts are saying about these banks ahead of earnings
- Apple (NASDAQ:AAPL) CEO Tim Cook Sells Company Stock
- Nike upgraded, PayPal downgraded: Wall Street’s top analyst calls
- 3 Talking Points on Why TSMC Deserves Investors’ Full Attention