In the latest fallout in the trade war between the US and China, Trump tells American companies to move production out of China or else… which sent Apple stock down by over four percent.
Trump says Apple’s boss “made a very compelling argument” about losing edge to Samsung with the upcoming ten percent tariffs on $300 billion worth of goods imported from China.
Apple’s supplier Sharp is reportedly gearing up to move part of its production out of China in response to President Trump’s latest escalation of the growing US trade war with China.
Apple won’t be exempt from any new tariffs, US President Donald Trumpt tweeted today.
In yet another sign that it’s moving to diversify product manufacturing beyond China, Apple’s reportedly been trialing AirPods production in Vietnam, per a communication seen by Nikkei.
There are more than 2.5 million Apple developers in Greater China, and now they can take advantage of Apple’s newly launched app development and design center in Shanghai.
A sketchy report, citing sources in the upstream supply chain, says Apple may create a China-specific iPhone with an under-display fingerprint sensor as a cheaper alternative to Face ID.
The new Mac Pro won’t bear a label “Assembled in USA” because manufacturing labor costs in China, though rising, still remains much lower than in the US.
Apple says that Trump’s latest round of tariffs, if implemented, could negatively impact the company’s contributions to the U.S. economy and would impact product costs.
The majority of manufacturing for Apple products happens in China. However, a new report suggests a big chunk of that manufacturing may be moved out of the region.
Contract manufacturer Pegatron is allegedly set to soon move iPad and MacBook manufacturing out of China amid an escalating trade war between the US and China.
The deals let cash-strapped Chinese shoppers borrow money at no cost to buy Apple products online and pay for their devices in monthly installments over 3, 6, 12 or 24 months.
