Record iPhone Sales Lift Apple

SAN FRANCISCO—Apple Inc. returned to growth in the quarter ended Dec. 31 following three consecutive quarters of sales declines. The company’s record quarterly revenue was lifted by strong iPhone sales, paced by strong demand for the iPhone 7+. While both iPhone and Mac sales fared better than expected, sales of iPads and declined versus the…

Blockchain: Strategic But Still Aspirational

The ability of a break-through technology like blockchain deliver unprecedented possibilities for supply chain reform in electronics and other industries. It has the capacity to securely chronologize and record not only trade and currency flows but virtually any business process or documentation. In fourth quarter, 2016, 31% of 400 executives surveyed by EfT said that…

Are You Prepared for HS 2017 Reform?

January 1, 2017 marked the date when the World Customs Organization (WCO) Harmonized System (HS) reform went into effect for many locations. The HS is an international classification standard for goods in current or anticipated use by more than 207 custom administrations worldwide. It is critical for ensuring customs rules are properly followed, improving the…

Intel Cautious on PC Consumption

SAN FRANCISCO—Intel Corp. Thursday (Jan. 26) reported fourth quarter 2016 revenue and profit that beat analysts’ expectations on sales growth in computing, data center chips and Internet of Things (IoT) chips. The company also delivered a forecast for the first quarter that exceeded Wall Street’s expectations and announced it would increase its capital spending outlay…

Foxconn Factory Potentially U.S. Bound

If there’s any lesson we should have learned from our presidential election, it’s that we should not jump to conclusions based on our own possibly faulty assumptions. So I’ll stick to facts and avoid speculation about the report that Foxconn, a major supplier to Apple, is considering a $7 billion factory in the United States.…