Former Apple worker sues for $5 mn, accusing firm of breaching New York paycheck law

Apple Inc. was accused in a lawsuit flouting a New York labor law by not issuing weekly paychecks to its keep staff who do handbook labor. 

Raven Ramos, who worked at Apple’s Fifth Ave. keep in Manhattan for more than seven years, promises the firm compensated her every other week, instead than weekly, as needed by point out law. 

Submitted Monday as a course motion on behalf of other staff, the criticism seeks “well in excess” of $5 million from Apple for delayed compensation payments under a legislation often invoked in lawsuits towards companies. Ramos suggests her job’s handbook jobs included unboxing merchandise, emptying income registers and aiding prospects on the product sales ground.

Apple didn’t instantly answer to a ask for for comment.

J.P. Morgan drops Apple, Qualcomm from prime picks as tech demand slows

(Reuters) – Slowing need for smartphones is very likely to hit progress at Apple and chipmaker Qualcomm, analysts at J.P. Morgan reported on Friday as they dropped the organizations from the checklist of most most popular shares.

The removal from the brokerage’s “Analyst Aim Checklist” will come as analysts alert that new coronavirus lockdowns in China and climbing price of merchandise because of to the Ukraine conflict could harm smartphone need in 2022.

Analyst Samik Chatterjee explained a moderation in purchaser shelling out would mood bigger expectation from the modern Apple iphone SE launch, even though a slowdown in gaming in China could weigh on Apple’s services.

Apple is by now organizing to decrease Apple iphone and AirPod manufacturing because of to a need slowdown, the Nikkei newspaper noted on Monday.

Qualcomm, in the meantime, will likely bear the brunt of weak spot in the smartphone market place for reduced- to mid-close Android handsets, Chatterjee claimed.

“There has been understandably a whole lot of sound around demand from customers weakness across international tech, but we believe the macro weakness seeping by way of the sector will affect the client end-marketplaces much more materially,” he explained.

The brokerage however rates Apple and Qualcomm “chubby” — the equivalent of a “buy” rating — dependent on their extended-time period possible.

J.P. Morgan stated in an atmosphere of slowing purchaser demand from customers it has extra to its record network machines corporations Arista Networks and Ciena on hopes of a more resilient need for telecom and cloud-linked spending.