Afternoon Coffee: Apple’s Supply Chain Limits the iPhone’s Growth Potential, Chipotle Suffers Another Food Safety Scare

volff/Adobe Stock

The iPhone may have become a victim of its own success. According to MacWorld, in order to keep up with demand for Apple’s flagship product, the company can’t “include any technology or source any part if it can’t be made more than 200 million times a year,” limiting Apple’s ability to innovate or compete on new features.

Chipotle Scare 

After slowly recovering from a norovirus incident in 2015, burrito chain Chipotle suffered another setback after it temporarily closed a restaurant Monday in Sterling, Virginia, following reports of illnesses, the Wall Street Journal reports. While the company has dealt with outbreaks of salmonella and E.coli in the past, representatives stressed that the norovirus incidents do not come the food supply but rather food handling issues.

Trade Tensions

Officials from the U.S. and China are preparing to meet in Washington Wednesday to discuss trade topics, yet tensions are flaring as the Trump administration said it is considering new tariffs on steel imports, according to the San Francisco Chronicle. Most China watchers expect little to be resolved in this first meeting in an ongoing dialogue about economic relations between the two countries.

Dollar Down 

And finally, a currency update: Investors in Asia dumped the dollar Tuesday morning after the collapse of Senate healthcare bill, the Wall Street Journal reports. The ICE U.S. Dollar Index fell 0.3% in Asian trading Tuesday to a 10-month low; the dollar index has dropped 7.2% so far this year.

Share on Procurious

Discuss this:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.