Thursday, 22 August, 2019

China trade tensions could spark changes to Apple's production (AAPL)

Apple’s U.S. iPhones Can All Be Made Outside of China If NeededMore Apple’s U.S. iPhones Can All Be Made Outside of China If NeededMore
Jean Garcia | 13 June, 2019, 13:13

The bigger picture: As risingUS-China tensions compel brands to look outside of China for manufacturing, the geographic concentration of the smartphone industry could be rebalanced.

Young Liu, a senior Foxconn executive who leads the semiconductor business, recently revealed that Foxconn is prepared to move production of all iPhone models - that are imported to the United States - away from China, if the trade war escalates. Now since tariff issue seems to be more severe than ever many tech companies in the USA are suffering huge losses because of it. Apple is that tech giant which is going through one of its worst times because China has chose to levy extra tariffs on its iPhone sales.

As Apple provides close to half of Foxconn's revenue, a decreased demand for iPhones leads to a drop in manufacturing demand for the company.

A ban on Apple iPhones being made in China could hit the firm's bottom line, but Apple's main manufacturing partner, Foxconn, has revealed it has enough capacity to produce US-bound iPhones outside of China.

Love Island 2019 is beginning on ITV incredibly soon
After breaking up with fellow islander Sam Bird, the single babe went on Celebs Go Dating but was once again unsuccessful in love. The programme will return to our screens on Monday June 3rd after a short clip confirmed the news on Monday (20.05.19).

In light of all the threats Donald Trump has made in regards to increasing import tariffs on Chinese-made goods, shares of Apple have been particularly volatile as of late.

Foxconn, the Taiwanese electronics giant used by Apple to assemble millions of its devices, said it now had enough capacity that every iPhone sold in the U.S. could be produced outside of China. Foxconn assures that it can fully support Apple if the ongoing trade war goes unpredictable.

Liu disclosed that clients have not asked Foxconn to move production out of China so far, but the company is capable of moving productions elsewhere based on customers' needs.

It's unclear whether India will ever become a major production base for Apple's marquee device. Older models are already assembled at a Wistron plant in Bangalore. On Tuesday, executives said the facility will employ up to 2,000 laborers by the end of 2020.

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