The Corning investment is part of Apple’s $100 billion boost to its U.S. manufacturing investment announced Wednesday following Cook’s visit to the White House.
The company attributed the revenue shortfall to capital constraints and specification changes from a significant new customer that delayed revenue recognition due to the addition of new features.
Although the company did not specify which technology was involved, it reportedly confirmed taking “strict disciplinary actions against the personnel involved and has initiated legal proceedings."
Current Wondery podcasts will either transition to Amazon’s Audible division or move under a newly established creator services unit, which will manage shows led by prominent personalities like Jason and Travis Kelce.
