Apple Scraps In-House Effort To Make Watch Displays, Cuts Jobs
Portfolio Pulse from Benzinga Newsdesk
Apple Inc. has decided to halt its internal project aimed at developing displays for its Watch products, leading to job cuts, as reported by Bloomberg. This move indicates a shift in the company's strategy regarding the manufacturing of critical components for its devices.
March 22, 2024 | 5:08 pm
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Apple's decision to scrap its in-house watch display project and cut jobs may raise concerns about its innovation capabilities and internal manufacturing strategies.
Halting an in-house project and cutting jobs could signal challenges in Apple's product development and manufacturing strategy, potentially affecting investor perception and stock price negatively in the short term.
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