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Stock impact report

Apple May Give FineWoven Accessories 1 More Season Before Ending the Line [CNET News]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: CNET News
There's an update to the rumor about FineWoven, an Apple creation made of 68% postconsumer recycled content and used for phone cases, smartwatch bands and the like. On Sunday, Kosutami, a noted Apple leaker, said in a post on X that the company had ended production of the new material less than a year after its launch. And in a new post to X on Tuesday , Kosutami said there will be one more "season" of FineWoven items, even featuring some new colors, before it's gone for good. It's not clear how long the material will continue to be used or which new colors will be introduced. FineWoven was big news when it was first announced in September 2023 as an eco-friendly alternative to leather for Apple accessories. Apple cited the sizable environmental impact of leather production and praised FineWoven's subtle luster and suede-like feel, but apparently it wasn't as durable as the company needed it to be. Apple didn't immediately respond to a request for comment. If the rumors of the Show less Read more
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