- Apple (NASDAQ:AAPL) increased its number of high-performing suppliers by 35% last year, according to the company’s 2018 Progress Report featuring an audit of 756 facilities.
- The company found 44 “core violations” of its code of conduct in 2017, nearly double on the previous year. Apple doesn’t name the suppliers.
- The violations included 38 cases of work hour falsification, two cases of underage workers (who were returned home and to school and promised future jobs), and three bonded-labor situations.
- Snap up: Vanity Fair’s Nick Bilton outlines the case for Apple potentially acquiring Snap (NYSE:SNAP).
- Bilton cites Apple’s lacking social networking presence, a desire to court a teenage audience, and CEO Tim Cook’s belief that augmented reality is the future of tech.
- Apple shares are up 0.3% premarket to $175.55.
- Snap shares are up 1.6% to $18.31.
- Previously: Snap pares gains on report it's planning biggest layoff yet (March 7)
- Previously: GBH Insights sees minimal tariff impact on FANG stocks (March 7)
- Now read: Apple: To .1 Trillion And Beyond
Original article