Chinese vendors account for nearly half of global smartphone shipments, the region has a well-developed supply chain, which will be tough to replicat and one Apple could lose access to if it moves
American companies have had a growing list of reasons to downgrade their ties with China in recent years. Former President Donald Trump’s tariffs. Beijing’s stringent Covid lockdowns. The US-Sino standoff over Taiwan. Political pressure to “friend-shore” supply chains toward nations aligned with Washington.
But breaking up, as the adage goes, is hard to do.
That conclusion is evident from a Bloomberg Intelligence analysis of Apple Inc., which is trying to reduce its dependence on China. The Cupertino, California-based company company already started producing some iPhone 14 models in India, in an earlier than usual move for new models. And Apple’s largest
First Published: Sep 30 2022 | 8:35 AM IST