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Apple Prepares to Move Some iPad Capacity to Vietnam Amid China Lockdowns

June 2, 2022
Source: financialbuzz.com financialbuzz.com
News Snapshot:
Apple (NASDAQ: AAPL) is set to move a chunk of its iPad production to Vietnam and out of China after experiencing supply chain disruptions amid coronavirus lockdowns, according to Nikkei Asia. The china lockdowns around Shanghai led to months of supply chain issues, heavily impacting the technology company. According to the report, BYD, a Chinese manufacturer and current supplier of iPads will begin to produce some tablets within Vietnam. The iPad would be the second major Apple product series to be manufactured in Vietnam, after the AirPods Pro 2. CEO Tim Cook had previously mentioned that Apple’s iPad segment had...
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Tags: AAPL | Apple | ASIA | BYD | CEO | CFO | China | Chinese | circuit | coronavirus | Gadgets & Electronics | iPad | LED | manufacturer | manufacturing | nasdaq | production | report | revenue | Shanghai | stock market | supplier | supply chain | technology | Vietnam

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