Apple Scales Back Vision Pro Amid Disappointing Sales

Apple Inc. is a leading American multinational technology company known for pioneering personal computing, mobile devices, and software ecosystems. Founded in 1976 by Steve Jobs and Steve Wozniak, Apple revolutionized technology with the first commercially successful personal computer and mainstream adoption of the graphical user interface (GUI), setting new standards in product design, user experience, and seamless integration across devices[2]. Headquartered in Cupertino, California, Apple’s product lineup includes the iPhone, iPad, Mac computers, Apple Watch, AirPods, and services such as the App Store, Apple Music, and iCloud. The company has built a vast ecosystem that enables third-party developers to expand product functionalities, strengthening its market dominance. Apple is widely recognized for its innovation in hardware, software, and services, with an emphasis on aesthetics and privacy. In 2025, Apple committed to its largest-ever investment initiative, pledging $600 billion over four years in the United States to boost manufacturing, research and development, and advanced technology sectors like artificial intelligence (AI) and silicon engineering[1][3]. This includes new manufacturing facilities, expanded R&D centers, and a program called the American Manufacturing Program (AMP) to encourage domestic production of critical components. These efforts support over 450,000 U.S. jobs and aim to establish a robust supply chain within the country[3]. Financially, Apple remains a powerhouse with a market capitalization of $3.84 trillion and annual revenue exceeding $400 billion. However, in 2025, it faced challenges including a 19% decline in stock value, intensified regulatory scrutiny from the U.S. Department of Justice over antitrust issues, legal disputes related to the App Store, and competitive pressure in AI technology[1][2]. Despite these hurdles, Apple continues to innovate, recently updating its software platforms with a unified "Liquid Glass" design and expanding its AI-driven personal assistant, Apple Intelligence[1]. Under CEO Tim Cook’s leadership, Apple balances technological advancement

## Overview The **Financial Times (FT)** is a globally renowned daily newspaper focused on international business, economic news, and financial markets, headquartered in London[2]. It is recognized for its in-depth analysis, editorial independence, and distinctive salmon-pink paper—a hallmark since 1893, originally chosen for cost-saving reasons but now a symbol of prestige[1][4]. The FT’s motto, “Without fear and without favour,” underscores its commitment to unbiased reporting[4]. ## What the Organization Does The FT delivers news across print and digital platforms, with editions tailored for the UK, Europe, the US, Asia, and the Middle East[1]. It features daily coverage of markets, companies, politics, and technology, along with special reports on industries, countries, and emerging trends[2]. Its weekend edition, **FT Weekend**, offers broader cultural and lifestyle content, while the FT Group provides subscription services for organizations seeking comprehensive global insights[2]. As of 2023, the FT boasts 1.3 million subscribers, with the vast majority accessing content digitally—a testament to its successful adaptation to the digital age[2]. ## History and Key Achievements Founded in 1888 by James Sheridan and his brother, the FT began as a four-page paper for London’s financial community, initially named the *London Financial Guide* before adopting its current title[1][3][4]. It quickly distinguished itself from competitors, notably the *Financial News*, by printing on pink paper—a tradition that endures[1][4]. A pivotal moment came in 1945 when the FT merged with its rival, the *Financial News*, consolidating its position as a leading financial publication[1][2][4]. Owned by Pearson from 1957, the FT expanded internationally, launching its first non-UK edition in Frankfurt in 1979 and entering the US market in 1985[1]. In 2015, Japanese media

**Luxshare-ICT** is a leading global electronics manufacturer headquartered in Dongguan, China, specializing in interconnect technology and smart manufacturing solutions.[3] Founded in 2004, the company has grown into a major player serving consumer electronics, automotive, telecommunications, and data center industries.[3] The company operates an extensive global infrastructure with **over 110 production bases** across China, Vietnam, Germany, Malaysia, Mexico, India, and the Philippines, alongside 20 service branches worldwide.[1] With approximately 232,500 employees and annual revenue of $32.71 billion USD, Luxshare has established itself as a vital technology partner for major global enterprises.[3] Luxshare's product portfolio is remarkably diverse. For consumer electronics, the company manufactures TWS wireless headphones, smart wearables, wireless charging modules, 5G routers, VR headsets, and smart speakers.[1] In automotive systems, it produces wiring harnesses, connectors, and intelligent cabin and driving components.[1] The company also supplies high-speed interconnects, optical modules, heat dissipation systems, and base station equipment for enterprise communications.[1] Under CEO Grace Wang's leadership, Luxshare distinguishes itself through comprehensive **one-stop solutions**, handling everything from product design and prototyping through mass production, logistics, and after-sales support.[2] The organization emphasizes **smart manufacturing** by integrating automation, artificial intelligence, and digital transformation across its operations.[2] Its expertise spans core technologies including acoustic, optical, electrical, thermal, RF, and system packaging capabilities.[2] A significant recent milestone occurred in July 2025 when Luxshare acquired WINGTECH's Consumer Electronics Systems Integration Business Assets, further expanding its market position.[1] The company remains committed to sustainability, aligning its governance strategies with