Daily reviews

19.06.2019

Apple considers shifting 15%-30% of output from China

news

Apple Inc. has asked its largest suppliers to consider the feasibility of shifting 15% to 30% of its output from China to Southeast Asia.

Tech giant is preparing for a restructuring of its supply chain

Stocks impacted: Apple Inc. (AAPL)

The move was triggered by the protracted trade tensions between Washington and Beijing. The iPhone maker has decided the risks of depending heavily on manufacturing in China are too great and even rising. The countries being considered include Mexico, India, Vietnam, Indonesia and Malaysia but China is a key market for Apple as well as a major production center for its devices. A deadline has not been set for the suppliers to finalize their business proposals. Yesterday, Apple stock rose by 2,35%.

Make profit on it right now!