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Why Apple can't quit China – Egypt Independent

August 1, 2022
Source: egyptindependent.com egyptindependent.com
News Snapshot:
(CNN Business) – For close to two decades, Apple and China have been inextricably linked. The world’s most populous country not only accounts for the bulk of Apple’s device manufacturing but also a significant portion of its sales. This year, however, several cracks have started to appear in an otherwise mutually beneficial relationship. Much of the turmoil has been driven by China’s “zero-Covid” strategy, with strict lockdowns in major parts of the country earlier this year halting production at several factories — including those of Apple’s manufacturing partners Foxconn and Pegatron — and disrupting global supply chains. Apple (AAPL) CEO...
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